Economics EOCA

Which of the following makes someone an entrepreneur?

The rule of 72 is useful in calculating...

What tax form states your yearly gross income?

When a nation imports more than it exports, economists say it has which of the following?

Which of the following types of investments has the lowest risk and lowest return rate?

A period in which stock prices fall for months on end is known as...

When supply and demand are equal for a product...

Which of the following groups best illustrates land, labor, and capital?

"Demand" for a product refers to how much of the product...

When are taxes due?

Which type of business organization in the U.S. has the greatest financial assets?

What is an important advantage of free market?

Markets exist to facilitate the exchange of goods and services between buyers and sellers.

In what kind of market does the government make all of the decisions?

Which of the following is the most essential for a market economy?

What is the range of a "GREAT" credit score?

What is the largest source of income for banks?

GDP measures the total goods and services consumed by the world in a ten year period

What is the limit for being able to claim exempt?

Which of the following is NOT a condition for perfect competition?

What is one function of an economic system?

Social Security is set up for your retirement so you don't have to worry about saving for it.