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Economics

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Verla Becker

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Cards in this guide (16)
What does a good credit history do for consumers

It makes it easier for them to get loans.

What are you paying for when you lease a car

The decrease in the car's value

What kind of a credit card can customers with a bad credit history get

One that's secured by collateral

Which of these most accurately describes the costs and benefits of using a credit card

Credit cards are convenient but can result in debt.

Why is a fractional reserve banking system necessary

To enable banks to loan out money to make a profit

How does use of cargo containers benefit the economy

The use of cargo containers benefit the economy by keeping distribution costs low.

What is most likely to push the price of a company's stock higher

An increase in demand for the company's stock

Companies use offshoring in order to do what

Reduce labor costs

When does Country A have a comparative advantage over Country B in the production of televisions

Country A has a lower opportunity cost for producing televisions.

The government sets a price floor in order to protect what

A vulnerable industry

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

Resources

Low wages in the underdeveloped world give US companies an incentive to do what

Outsource

In an economic system decisions need to be made about productive resources and which of the following

Allocation

Match each type of tax with an example of its use apex

Though answer choices weren't listed I found an example. Sin tax would be 10 percent on gambling winnings. Income tax would be 20 percent tax on wages that are earned. Excise tax would be thirty cent tax on a gallon of gasoline. Consumption tax would be 9 percent tax on the sale of luxuries.

Help you match each author with correct era

You can match authors with the correct era by visiting your local library. A librarian can help you find all you need to know about each author and their works.

What is disclosed in APR

APR is annual percentage rate. That rate would be stated in the APR.

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