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Economics

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Alberto Hoeger

Lvl 10
โˆ™ 2021-10-06 18:34:09
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Cards in this guide (22)
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

Values and beliefs

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

Making tax cuts

The government sets a price floor in order to protect what

A vulnerable industry

In an economic system decisions need to be made about productive resources and which of the following

Allocation

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 is similar to buying a bond

Giving a loan.

What are the correct steps to show how a budget is made

a

b

d

c

What government actions are necessary to guarantee the conditions required for a free-market system

Laws against theft, fraud, and coercion are necessary to guarantee the conditions required for a free market system.

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.

Idk

I dont know

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