Economics-Final Exam Review Part 2

Economic situation where there are a few sellers of the same product...

All of the following are economic goals of our nation except...

When you lose your home due to failing to make the payments...

A type of business organization where the owner buys supplies from and uses the company name...

The American Auto industry which is dominated by three auto makers would be an example of a...

Another name for FICA taxes...

A business where there is only one seller...

When a judge says that you do not have to repay your bills...

Something you are responsible for like a debt or accident...

Which of the following terms is not related to the others?

Auto insurance that protects other drivers from financial loss...

The cost of borrowing money...

Played linebacker at Furman University...

Something you agree to give up if you don't repay a loan...

Which of the following is not somehow related to labor unions?

Failure to repay a debt...

One of the functions of money...

The loan one gets to buy a house or property..

A government's way of luring business and industry to a certain area...

Insurance that covers your car when it is lost or stolen...

When two or more people own a business...

The three categories of mixed economies are...

A tax paid on passed down wealth...

The payments you make for insurance coverage...

People are placed in this category when living below a certain income level...