Cards in this guide (23)
What are some problems caused by globalization
globalization is happening because of worldwide trade and
exchange between countries.
Can merchant charge fees on credit card
They are not supposed to, but, they pass along any fee charged
to them by the bank/cc comapny to the consumer.
What best describes the organization of labor and capital
What is Circular flow of income model withdrawal from the circular flow
Which of the following most accurately explain why commodity money has value
Commodity money is a good that can be used as a medium of
exchange or for some other purpose.
What do board members of the Federal Reserve obtain their positions
They are appointed by the president and confirmed by the
Senate.
Which factor of production is used by manufacturing firms for a physical location
What labor work thingsof nature into tangible products what are the products called
What is money called when it is accepted for goods and services
What are the main sources of capital for the national state and local governments
Which economic theorists believed that overpopulation would cause labor to overwork the land
Thomas Robert Malthus believed that overpopulation would cause
labor to overwork the land.
Which of these methods calculates the market value of all final goods and services produced within a country's borders in a given year
How can someone define an excise tax
According to the official website for the IRS: An excise tax is
a tax which is paid when one purchases a specific product, such as
gasoline. The excise tax on the product is often included in the
sale price, which is the case with alcohol, cigarettes and
fuel.
Which of these would not be included as government spending when calculating the GDP
Which is not considered an entitlement payment
Which of these is the correct formula for calculating the GDP
If money supply growth exceeds the growth of the overall economy what will be the result
The Panic of 1907 was casued by what
The panic of 1907 was called by a financial crisis that began at
the beginning of the twentieth century.
What describes the private investment component of the GDP
the sum of all non-financial business investments
Which of these is not a service provided by the government using revenue from taxes
Which term refers to any item of economic value owned by a corporation
The nation's economic health is currently calculated by using what
Which form of exchange is used in simple societies and does not involve money
