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Vilma Hirthe

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Cards in this guide (19)
What do capital controls prevent

Speculators from rushing into and out of a country's market and disrupting its economy./

What kind of insurance provides replacement value for personal possessions

Brand new items to replace the items lost (APE*)

What is the reason for putting yourself on a budget

People put themselves on a budget to keep their expenses below their income.

What provides a bank with collateral on a car loan

The car itself

What describes how a fixed-rate mortgage works

The monthly payment on a fixed-rate mortgage never changes.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage

Government mortgages charge lower interest rates than conventional mortgages.

What do politicians use to win support from their constituents

Politicians might use pork barrel spending to win support from their constituents.

What can discretionary funds be used to pay for

Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.

Socially responsible consumers prefer to buy from companies that use what

Renewable resources

Politicians approve pork barrel spending for what purpose

To win political support

How were slaves affected by the new republic

Some northern states made slavery against the law.

What are the correct steps to show how a budget is made

a

b

d

c

How do credit card companies use a persons credit report

To determine if that person should be given a loan or credit card

Whats the difference between buying a car with a loan and leasing a car

When you have paid off the loan the car becomes yours.

When leasing a car it never becomes yours.

What is an example of a labor law in economics

A restriction on when a union may call a strike

What time is Churchill most clearly using

I cannot answer this question.

Banks that are locally owned and operated

Credit union

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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