Cards in this guide (23)
What did some people agree to do when a foreclosed farm was auctioned
Some people agreed to keep bids low when a foreclosed farm was
auctioned.
What does a good credit history do for consumers
It makes it easier for them to get loans.
What protects customers who purchase defective products
When is liability insurance needed
When you cause an accident that damages another vehicle or hurts
someone
What is most likely to lead to an increase in wages
The formation of a labor union
A boycott would not be successful under what circumstance
If most consumers didn't stay away from the company that was
being protested against, a boycott would not be successful.
How does use of cargo containers benefit the economy
The use of cargo containers benefit the economy by keeping
distribution costs low.
What is most likely to push the price of a company's stock higher
An increase in demand for the company's stock
Which is not a policy tool used by the Fed
Economics is about the production of goods and services which requires the allocation of what
The purpose of advertising is to do what
Increase consumer demand.
Influence Consumer Behavior -apex
Which of these helps you avoid debt by keeping your expenses below your income
When does County X have a comparative advantage in the production of coffee
Country X doesn't give up a more efficient form of production in
order to grow coffee.
Which of these is the Fed not able to do
What are the four basic patterns of business ownership
The four basic patterns of a business ownership are sole
proprietorship, partnership, C corporation, and the S corporation.
In a sole proprietor ship the business is owned by one person. That
one person is taxed for the business and there is unlimited
liability on that one person. In a partnership, the business is
owned by two or more people by a contract. Depending on the type of
partnership liability may or may not be unlimited. The corporation
is a separate and legal entity. There is separated taxation and
limited liability. The corporation will continue on, even after the
death of the owners. In corporations there are shareholders,
directors, officers, and employees. It is much more difficult to
form a corporation. A C corporation is public; meanwhile, an S
corporation is very similar to a partnership.
How much is the fee when you take money out from the ATM with a credit card
A group of companies agrees to charge the same inflated price for a good
A socially responisble consumer might boycott a company that uses what
A socially responsible consumer might boycott a company that
uses child labor.
What do banks do with some of the profits they make loaning out the money in their customers saving accounts
pay interest on savings accounts
Which o the following is an essential part of making a rational choice
Doing cost benefit analysis
What is the purpose of an initial public offering (IPO)
To raise money to fund a company's activities.
Who Which government polices pursues the economic goal of equity
protecting consumers from fraud
Match each of the terms below with an example that fits the term.