Cards in this guide (20)
What does a good credit history do for consumers
It makes it easier for them to get loans.
Why does a savings account make a better investment than a checking account
Savings accounts earn interest.
When is liability insurance needed
When you cause an accident that damages another vehicle or hurts
someone
What is most likely to lead to an increase in wages
The formation of a labor union
Why are student loans usually guaranteed by the government
Banks don't have any collateral for student loans.
Put the phases of the business cycle in the correct order in which they follow a recession
Depression
Recovery
Boom
Recession
The non-monetary considerations that affect consumers' decisions are often based on what
Under a fractional reserve banking system the amount of money loaned out can only increase if what happens
The required reserve ratio is lowered.
What is most likely to push the price of a company's stock higher
An increase in demand for the company's stock
Consumers use cost-benefit analysis in order to maximize what
Consumers use cost-benefit analysis in order to maximize
utility.
What is the goal of using a personal budget
To save for your future financial goals
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
televisions.
Which is not a policy tool used by the Fed
The government sets a price floor in order to protect what
In an economic system decisions need to be made about productive resources and which of the following
Match each type of tax with an example of its use apex
Though answer choices weren't listed I found an example. Sin tax
would be 10 percent on gambling winnings. Income tax would be 20
percent tax on wages that are earned. Excise tax would be thirty
cent tax on a gallon of gasoline. Consumption tax would be 9
percent tax on the sale of luxuries.
What are the correct steps to show how a budget is made
The government needs to provide to provide public goods for what reason
private companies can not benefit by providing them
What is the purpose of an initial public offering (IPO)
To raise money to fund a company's activities.
Match each of the terms below with an example that fits the term.
