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Michael Kreiger

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Term1/18
What is the difference between current assets vs total assets
Definition1/18

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula show

Total assets = current assets + fixed assets

Term1/18
Is the power to charter banks a concurrent power
Definition1/18

Concurrent power

Term1/18
Which of the following most accurately explain why commodity money has value
Definition1/18

Commodity money is a good that can be used as a medium of exchange or for some other purpose.

Term1/18
Which governmental organization currently serves as the central bank of the US
Definition1/18

sloppy but crack

Term1/18
Why is deflation destructive to the nation's economy
Definition1/18

Not enough money is spent to keep business activity moving

Term1/18
Which president formally changed the US dollar to a fiat currency
Definition1/18

This occurred when Lyndon Johnson was president. John Kennedy took preliminary steps.

Term1/18
Which factor of production includes such things as machinery and buildings used in the production of other goods
Definition1/18

capital

Term1/18
Which type of tax is imposed on those who inherit assets from a deceased person
Definition1/18

inheritance tax

Term1/18
If money supply growth exceeds the growth of the overall economy what will be the result
Definition1/18

inflation

Term1/18
Which of these terms refers to the amount of money loaned to consumers and businesses
Definition1/18

credit

Term1/18
In what year was the federal Reserve act passed
Definition1/18

1913

Term1/18
Which pioneer in the automobile industry implemented the modern version of the assembly line
Definition1/18

henry ford

Term1/18
Which level of government is income tax imposed
Definition1/18

Federal and State

Term1/18
Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases
Definition1/18

Expansion

Term1/18
What of the following is true of private corporations
Definition1/18

they are not owned by the general public A+

Term1/18
Why were Quesnay's theories were based on a simple model of the economy which consisted of which classes
Definition1/18

Landowners, Farmers, Businessmen and Craftsmen.

Term1/18
The works of which economist lead to a more quantitative study of economics
Definition1/18

François Quesnay

Term1/18
Of the following, which is not typically a general partnership
Definition1/18

manicurist in a salon

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Cards in this guide (18)
What is the difference between current assets vs total assets

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula show

Total assets = current assets + fixed assets

Is the power to charter banks a concurrent power

Concurrent power

Which of the following most accurately explain why commodity money has value

Commodity money is a good that can be used as a medium of exchange or for some other purpose.

Which governmental organization currently serves as the central bank of the US

sloppy but crack

Why is deflation destructive to the nation's economy

Not enough money is spent to keep business activity moving

Which president formally changed the US dollar to a fiat currency

This occurred when Lyndon Johnson was president. John Kennedy took preliminary steps.

Which factor of production includes such things as machinery and buildings used in the production of other goods

capital

Which type of tax is imposed on those who inherit assets from a deceased person

inheritance tax

If money supply growth exceeds the growth of the overall economy what will be the result

inflation

Which of these terms refers to the amount of money loaned to consumers and businesses

credit

In what year was the federal Reserve act passed

1913

Which pioneer in the automobile industry implemented the modern version of the assembly line

henry ford

Which level of government is income tax imposed

Federal and State

Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases

Expansion

What of the following is true of private corporations

they are not owned by the general public A+

Why were Quesnay's theories were based on a simple model of the economy which consisted of which classes

Landowners, Farmers, Businessmen and Craftsmen.

The works of which economist lead to a more quantitative study of economics

François Quesnay

Of the following, which is not typically a general partnership

manicurist in a salon

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