Economics Final Review Part 2

Two items used together are called

The factors of production include all of the following EXCEPT

A person who organizes, manages and assumes the risks of a business is called a(n)

All of the following are major credit bureaus EXCEPT

A deliberate work stoppage is known as a

Professional workers are in the work category known as

Laws that prevent monopolies are known as

All items that a business or household hold a legal claim to are called

An increase in an asset from the time it is bought until the time it is sold is called

Asking the public not to buy a corporation's goods is an example of a

Price responsiveness is called

A type of investment where you loan a company money is called a

"Bait and switch" is an example of

All of the following are durable goods EXCEPT

A private retirement plan allowing you to defer taxation until you retire is called a(n)

Two or more people forming a business makes that business a

One stock index is the

A type of business owned by many people but treated as a separate legal entity is called a

Money that is legal tender is called

A new business enterprise is called a

All of these are US government securities EXCEPT

A supply of business items used by a business is called

The largest stock exchange in the world is the

A legal minimum price is a(n)

The Equal Credit Opportunity Act makes it illegal to discriminate on the basis of

The portion of a corporation's profits paid to its stockholders is called a

A tariff is a(n)

A single seller controlling the market is a(n)

The amount you pay to borrow someone else's money is called

Shares of corporation stock that have voting benefits are called

The FDIC insures

The value of the next best alternative that was given up is called the

A contract to rent a house is a

A temporary partnership is called a

The negotiation process between unions and management is called

The price where quantity supplied is equal to quantity demanded is called

The econ principal that states the more you get of a good, the less likely you are to buy more

A financial institution owned and operated by the members themselves is called a

An investment company that pools the money of investors to buy stocks or bonds is called a

The Law of Supply states that as price goes up quantity supplied goes