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Economics

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Shannon Greenfelder

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2y ago
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Cards in this guide (17)
Why does globalization lead to a reduction in wages in developed countries

Increased mobility allows producers to move jobs to lower-cost labor markets.

What does an amortization table show

``````````The principle and interest being paid on a loan`````````

What makes a credit card more convenient than a debit card

It can be used to buy things without immediate payment.

What kind of customer would want collision coverage for his or her auto insurance

Someone concerned about damage to his or her own car. This is because collision coverage pays the cost of repair to one's own car, and to that extent, it is referred to as "first-party coverage". The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair.

When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain "forced-placed" coverage and have the premium added to the customer's loan/lease account.

Maintaining a good credit history makes it easier to do what

Get a loan

What is most similar to a brand-name product

A generic product

Rationing is an attempt to limit shortages that naturally result from what

Price ceiling

The non-monetary considerations that affect consumers' decisions are often based on what

Values and beliefs

Which is not a policy tool used by the Fed

Making tax cuts

Economics is about the production of goods and services which requires the allocation of what

Resources

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

A personal budget

What is a socialist country in which the government owns health care and communications

The Socialist Republic of Vietnam.

Which of these can be used to protect consumers from unsafe products

A recall

Which of these describes the costs and benefits to taking a college loan

College loans help increase future earning power but result in a long-term commitment to monthly payments.

Does globalization cause poverty

Globalization does not cause poverty, on the other hand, globalization lifted many people out of poverty and created a solid middle class in many developing countries. India and China are example. Globalization may have caused financial hardship for many westerners since many jobs were shipped overseas because of cheap labor.

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

a

b

d

c

Match each of the terms below with an example that fits the term.

Idk

I dont know

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