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Economics

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Mylene Wintheiser

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Cards in this guide (19)
Why is trade easier and more extensive today

Improved Transportation ;p

Which term refers to the predetermined amount an individual must pay for the use of borrowed money

The predetermined amount an individual must pay for the use of borrowed money is called interest.

What is a certificate of indebtedness by a corporation to the holder

bond

Which term is defined as an indicator of how people affect the emissions of greenhouse gases in the environment

carbon footprint

Which of these business organizations is treated by law as if it were an individual person

corporation

Who is guaranteed a dividend in a corporation

preferred stock holder...

Would not appear on the financial statements for a sole proprietorship

Paid-in capital.

What is the business organizations is most likely to exist after the death of the founder

A sustainable one

What are the disadvantage of a corporation

slowness of the decision-making process

Which of these is an element of a bond Business

An element of bond business is a face value similar to the principal amount of loan.

Which refers to the fluctuations of growth and decline in an economy

business cycle

How are bonds defined

They can be bonds as in rope tying someone up.

They can be the attraction holding elements together in a compound - chemical bonds

They can be monetary instruments - stock market bonds.

Which term refers to an economic system in which the government has as little involvement as possible

laissez-faire

Which type of graph is also commonly used to compare stock prices

hi lo graph

Which of these statements refers to the law of supply

producers will supply as the good price

Producers will supply more of a product as the price goes up. A+

Which economist was among the first to explain how a pure market economy works

Adam Smith

What following refers to the original amount of money that has borrowed on the loan

principle

What is the least common type of business organization in the united states

partnership

Which of the following is the best description of a consumer good

It is something tangible that can be touched or carried

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