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Economics

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Erin Bode

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โˆ™ 2021-11-08 19:35:49
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Cards in this guide (33)
Why does the IMF impose conditionality on countries that accept its loans

The IMF wants to help fix the economies of countries that need its help. <apex>

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 describes how a fixed-rate mortgage works

The monthly payment on a fixed-rate mortgage never changes.

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 profits.

What do banks pay to their savings account customers

Interest

What makes a savings account a better investment than a checking account

A savings account earns interest.

What is the purpose of a letter-writing campaign conducted by a group of consumers

To get a company to change its business practices voluntarily

What are you paying for when you lease a car

The decrease in the car's value

Using an amortization table gives you information about what

A loan.

What do leases contain

The obligations of renters and landlords

Why does a savings account make a better investment than a checking account

Savings accounts earn interest.

Which of these is an example of luxury spending

Travel

When is liability insurance needed

When you cause an accident that damages another vehicle or hurts someone

Why does attending college involve an opportunity cost

The money spent on tuition cannot be invested in another way.

What would a socially responsible company use

Socially responsible companies use renewable resources.

A boycott would not be successful under what circumstance

If most consumers didn't stay away from the company that was being protested against, a boycott would not be successful.

What is the grace period on a credit card

The number of days the customer can wait to pay for purchases without being charged interest

Which of these prevents private companies from deciding to produce public goods

The profit motive

The government sets a price floor in order to protect what

A vulnerable industry

What is the purpose of the required reserve ratio

. To make sure banks have enough money on hand to meet customers' withdrawal requests

This is incorrect. Fractional Reserve Banking is the Instrument by which Banks lend money against your signature and only need 10% of the funds on hand to do so. They create 90% of the funds out of thin air. It is virtually legalized counterfeiting. Then they have the nerve to charge you interest on this money they created from nothing. Anybody who accepts this as a good idea is insane. If you don't believe me there are many you tube videos on the subject. An excellent place to start is "The Four Horsemen" featuring testimony from people such as the ex chief economist from the World Bank.

Which of these helps you avoid debt by keeping your expenses below your income

A personal budget

Why is renting an apartment usually cheaper than buying a house

Buying a house is an investment that pays off in the long run.

Which of these makes it easier for a person to get a credit card

A good credit history

Does globalization benefit us

Some people will say it does, and some will say it won't. But really, globalization is different for everyone.

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

a

b

d

c

Can you pay your credit card bill by another credit card

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.

Which if the following dose not protect consumers

A boycott.

What time is Churchill most clearly using

I cannot answer this question.

Which of these reasons is most likely a sound financial decision for buying a new jacket

You would like to keep warm.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of good with the sample good it represents (apex)

Merit good : education

Public good : national security

Individual good : food

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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What is one of the disadvantages of getting a government-sponsored mortgage

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What is one effect of the profit motive

Why do banks pay their customers interest on the money in their savings accounts

What provides a bank with collateral on a car loan

What is one of the disadvantages of getting a government-sponsored mortgage

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What is discretionary spending within a budget

What provides a bank with collateral on a car loan

Which is one way that credit cards differ from debit cards

People who lease a car are paying for what

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Why does the IMF impose conditionality on countries that accept its loans

Why does globalization lead to a reduction in wages in developed countries

What provides a bank with collateral on a car loan

What does a good credit history do for consumers

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What kind of contract outlines the obligations of a landlord and his or her renters

What does it take for a consumer boycott to be successful

What is the purpose of a letter-writing campaign conducted by a group of consumers

What are you paying for when you lease a car

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