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Economics

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Orval Kuphal

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Cards in this guide (15)
What is Standard and Poors

Standard and Poors is one of the 3 premier Credit Rating Agencies in the world.

What happens when the supply of a nonperishable good is greater than the consumer wants to buy

Either the price drops until the consumers are prepared to buy more, or supplier are left holding surplus stocks until replacement purchases clear these inventories.

No manufactured good is truly non-perishable, and so will eventually require replacement.

What are limited quantities of resources to meet unlimited wants

Scarcity

How does a pension fund act as an investor

the company invests money collected from employers

What is something you might use to help you make a choice between two seemingly equal alternatives

A Decision-making grid.

The physical capital used by a woodworker to make furniture would include

saws and drills

What doesn't belong in the M2 category

currency held in bank vaults.

What is a bank that belongs to the federal reserve system called

member bank

What is the amount paid to purchase a bond that will be repaid at maturity

face value

What is a good incentive for small business

The best incentive for small business, is the Small Business Incentive offering tax relief, investor tax credits or additional financing. Small businesses can also qualify for many tax credits from other companies, usually the larger ones.

Which of the following is not an economic goal that influences how societies answer the three key economic questions

In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.

Can Mormons serve on the Supreme Court

Yes, if a member of the Church of Jesus Christ of Latter-day Saints (the "Mormon" church) were to be appointed to the Supreme Court, both their religion and the government would allow them to serve on the Supreme Court.

As of 2014, Mormons have served on state supreme courts, but not in the national Supreme Court.

You are a financial advisor whose client is concerned about losing his investment if a company goes out of business what do you advise the client to buy

preferred stock

In Schmerber v. California the Supreme Court when police ordered a doctor to draw blood from a suspect charged with drunken driving

had no objection (grad point) ;)

Undocumented aliens are most common in states

the southwest

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