Cards in this guide (24)
What do you do when your application for credit is rejected
What is marginal cost
Marginal cost is the change in total cost incurred by adding 1
more unit of output to production.
the amount a firm's costs change when an additional good or
service is produced.
What is the difference between current assets vs total assets
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula show
Total assets = current assets + fixed assets
What type of tax is levied on the beneficiary share of an estate
The type of tax that is levied on the beneficiary share of an
estate is known as inheritance tax. This will be assessed based on
the legacies the beneficiary receives.
What is Circular flow of income model withdrawal from the circular flow
Why is deflation destructive to the nation's economy
Not enough money is spent to keep business activity moving
Which factor of production includes such things as machinery and buildings used in the production of other goods
What are the main sources of capital for the national state and local governments
Who pays the taxes within an S corporation
Which component of the GDP refers to the total of all personal expenditures by anyone within the country
How many nationwide districts is The Federal Reserve broken down into
The Federal Reserve is broken down into twelve districts.
Which factor of production includes such things as plants and minerals used to create products
Which of these describes how real GDP is calculated
based on previous year pricing with adjustments made to
accommodate for inflation.
Which term refers to the cost a firm incurs for capital goods
Which of these would not be included as government spending when calculating the GDP
Which of these is calculated in current dollar values
How are net exports calculated
by subtracting a country's imports by the exports
Which of these is the correct formula for calculating the GDP
Once an item is consumed when does its value begin to depreciate
Which of these is not a service provided by the government using revenue from taxes
Which level of government is income tax imposed
At which level of government is property tax assessed
In the circular flow model firms compensate households with which items
What of the following represents what happens when a company that manufactures cars and trucks might also own companies that make glass windows engine parts and fabric upholstery for the seats
