Economic IQ

The problem of economic scarcity is solved by

Which one of these coins would the US government love to get rid of

A tax to get you to return your soda can is called

This country has people / places that illustrate all 4 types of economic systems

Signing a contract to use a car or an apartment for a specific length of time is called

Minimum wage for adults in Michigan is currently

A person who takes a risk by combining land, labor or capital in a new way

The #1 cause of bankruptcies in the US is

People use this to quickly pay for goods and services from money currently in their bank account.

Some African Tribes still follow this type of Economic System

If you can’t work due to an injury or illness you might qualify to collect

Economic System where the Government isn't involved (no safety nets)

The price for airline tickets goes up when demand is

If the price of something goes up over time you are experiencing

The US Federal Income Tax uses a

Which of the following is not a government provided utility in the city of Marquette

Tuition is the price you pay in college for

N Korea follows the following type of Economic System

The nominal median income per capita in 2017 was around

Medical insurance, vacation days and retirement programs are fall under the category of

Due to income inequality in the US the average median income per capita in 2017 was actually over

Which one of the following states feels clothing is also a necessity and does not tax it

The reason home loans are relatively inexpensive is mainly because

You can actually buy or create (mine) the following currency alternatives on the Internet except

Federal taxes are due on this day every year

A great to perfect credit score range is from

Which of the following items are not taxed in Michigan

Prices are usually set at the point where supply meets demand called the

The money people have to spend after paying off their bills is called

Getting job training enables you to become knowledgeable in a specific area this exemplifies

The only adults who can legally be paid less than this Minimum Wage in Michigan are

To find out what your money will buy you in a different country you need to look up the

This tells how likely you are to pay back a loan based on your past payment history

The money the US government takes out of your paycheck for your retirement:

Shortages are always