Cards in this guide (31)
The existence of an international division of labor among countries enables those countries to have what
What provides a bank with collateral on a car loan
What is one of the disadvantages of getting a government-sponsored mortgage
Government mortgages put a limit on the purchase price of a
house. Government mortgages take a long time and a lot of paperwork
to get approved.
What does a good credit history do for consumers
It makes it easier for them to get loans.
What does it take for a consumer boycott to be successful
The boycott must significantly reduce the target company's
What is the annual percentage rate APR on a credit card
The amount of interest charged on unpaid balances
What makes a savings account a better investment than a checking account
A savings account earns interest.
What makes a credit card more convenient than a debit card
It can be used to buy things without immediate payment.
What are you paying for when you lease a car
The decrease in the car's value
Which of these most accurately describes the costs and benefits of using a credit card
Credit cards are convenient but can result in debt.
What protects customers who purchase defective products
What provides collateral to secure a car loan
Why do consumers have influence over politicians
Politicians rely on the votes of consumers to keep them in
Which of these is an example of luxury spending
When is liability insurance needed
When you cause an accident that damages another vehicle or hurts
A high level of what is most likely to lead to a higher wage
Consumers can go to small-claims court when what happens
Other ways of resolving their complaint fail.
What would a socially responsible company use
Socially responsible companies use renewable resources.
According to the law of supply and demand when supply increases what else happens
According to the law of supply and demand when supply increases,
prices will decrease.
What is most likely to push the price of a company's stock higher
An increase in demand for the company's stock
Companies use offshoring in order to do what
When does Country A have a comparative advantage over Country B in the production of televisions
Country A has a lower opportunity cost for producing
The government sets a price floor in order to protect what
Which of these helps you avoid debt by keeping your expenses below your income
In an economic system decisions need to be made about productive resources and which of the following
Example of discretionary spending
There are a great many examples in the world of discretionary
spending. Discretionary spending can be as simple as choosing
whether you want to spend your money on ice cream.
What is a bank customers share of the profits made on loans
Savings account interest is the bank customer's share of the
profits made on loans.
What is disclosed in APR
APR is annual percentage rate. That rate would be stated in the
Why are private companies are unlikely to provide public goods
The non-excludability of public goods makes it difficult to
profit from them.
Ask us of these describes the costs and benefits of getting a mortgage
Buy a House but Result in Large Interest Payments - Apex
What is the purpose of an initial public offering (IPO)
To raise money to fund a company's activities.