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Economics

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Taya Moore

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Cards in this guide (23)
When did the Baby Boom Occur

The Baby Boom occurred after WW1 as soon as the soldiers came home from the war.

When a country brings in goods that were made in another country what is it doing

importing

Which is not a feasible solution to reducing the nation's deficit

Eliminating Social Welfare Programs

What is a direct concern stemming from rising global temperatures

increased use of alternative energy sources. -- A+

What might be one problem associated with a trade deficit

countries must borrow money to pay for their imports. -- A+

What is the need for cash referred to as

liquidity needs

What is the largest and best-known exchange

new york

What best describes market prices that change often and to a great degree with dramatic spikes and plunges

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.

Why will the baby-boomer generation be a potential problem for government spending

the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security

What can happen to prices in a competitive market when demand increases as supply remains the same

increase in prices

Why is energy an important part of a healthy economy

when energy prices spike dramatically, recession can occur

Which is not considered an entitlement payment

income tax refund

Which government programs help cover costs of retired Americans

social security & medicare. -- A+

What problem could be caused by older Americans holding onto their jobs for a longer period of time than expected

fewer jobs for younger americans

Which term best describes the rate at which a country's currencies convert to other currencies

exchange rate

Why do public corporations receive much more attention on average

because of their size and the importance they have on the economy

What term does not refer to portions of ownership Ina corporation

Bonds

Which term best describes an economic slowdown

An economic slowdown is called a recession.

What is a trade surplus

country export more than they import

Shortages or spikes in which of the following can have a potential impact on a global economy

energy

Which of these describes a creditor

the person or business doing the lending. -- A+

Which term describes the amount of money the nation owes

Debt

What is a possible explanation for the high unemployment rate between 2008 and 2012

Low demand for products resulted in fewer job opportunities

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