ECONOMICS- FINAL REVIEW

Question 1

Which of the following options has the greatest possible return on investment?

Accepted Answer

stock market investment

Question 2

What would cause a downward slope in demand?

Accepted Answer

Substitution effect and income effect

Question 3

Anti-trust laws are used against monopolies to increase competition within an industry

Accepted Answer

True

Question 4

What kind of interest is the best for maximizing your earning potential?

Accepted Answer

compound interest

Question 5

Property taxes are consisered

Accepted Answer

local taxes

Question 6

What would help a developing nation in the LONG term

Accepted Answer

education

Question 7

If quantity SUPPLIED goes down, prices will _____________

Accepted Answer

decrease

Question 8

What is a negative effect of a minimum wage increase?

Accepted Answer

more people will get fired and prices will increase

Question 9

Government can affect supply by

Accepted Answer

setting tax rates, subsidies, regulating industry

Question 10

Which kind of economic policy is felt by the nation the fastest?

Accepted Answer

Monetary Policy

Question 11

Pakistan, India, Brazil are examples of

Accepted Answer

developing nations

Question 12

If you default, or don't make a payment on time what could happen?

Accepted Answer

next time you get a loan the APR will go up

Question 13

If quantity DEMANDED increases, price ______.

Accepted Answer

decreases

Questions 13