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Economics

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Yessenia Bashirian

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Cards in this guide (19)
Can merchant charge fees on credit card

They are not supposed to, but, they pass along any fee charged to them by the bank/cc comapny to the consumer.

Is there a law that prohibits volunteerism

No

Who oversees the executive office of the president

White House Chief of Staff.

Which division of the Department of Housing and Urban Development pays rental assistance to private landlords for tenants who qualify for programs such as Section 8 housing

Housing Choice Voucher Program

Which land deal had the best price per square mile for the US

The Alaska Purchase of 1867

The United States purchased Alaska from Russia for $7.2 million, which came to about 2 cents per acre. In 2010 dollars, that's equivalent to a little over $100 million, or about 30 cents per acre.

Why must firms make decisions about which goods they will produce

because firms have access to limited resources of land, labor, and capital

Which division of the Department of Labor assists businesses by providing information for tax credits and hiring incentives

Employment and Training Administration

What is the goal of the Choice Neighborhoods Program

Provide funding to local government agencies and non-profit organizations to revitalize low-income neighborhoods.

Which of the following terms best describes the basic physical structures services and facilities needed for the country to operate

infrastructure

How do federal agencies impact the economy

They require funding from tax revenue to provide things such as law enforcement and office personnel for agencies.

Which treasury department agency is responsible for payment of government obligations including social security veterans' benefits and tax refunds

Internal Revenue Service

Once an item is consumed when does its value begin to depreciate

immediately

Which of the fine is not included under the umbrella of intellectual property

Expressed warranty

What of the following defines the term land as a factor of production

everything that is not created by humans

A firm is dependent on which of these to help it make decisions about production

consumer taste

How many Regional Federal Reserve Banks are in the United States

12

The Second Bank of the United States was formed largely as a result of which war

war of 1812

Which of the following is another term for a market economy

A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.

Which of the following includes several agencies that manage the circulation of money and collection of taxes

Department of the Treasury

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