Econ Final Review Part A

Investment option which furnishes the investor diversification, professional management and a variety of goal choices

The degree to which a price change of a good alters the quantity purchased of that good is

Someone who combines land, labor, and capital resources, assuming risk in return for a chance to profit

Initially labor unions were organized to do all of the following except:

Engaging in international trade results in which of the following?

Basic monetary policy deals with which of the following?

Which of the following is an important disadvantage of a corporation?

A good which producers are willing and able to offer for sale at a given time at different possible prices is

the principal + accrued unpaid interest as the basis for calculating interest in the current time period

The stock market in general may be defined as which of the following?

A type of economic system in which the questions of what to produce, is answered by consumers and producers

What role has the Federal Deposit Insurance Corporation played in banking services?

The cost of borrowing money is paid by consumers as

In order to establish a credit history a consumer must

Which of the following is the basic reason for countries to engage in international trade?

A financial arrangement allowing purchase and use now and payment later

What does the law of demand predict about the relationship between prices and the number of purchases?

The condition occurring in a market when the price is above the equilibrium or market-clearing price is

This is enjoyed by the producers who are able to produce an item at a lower opportunity cost than their competitors is

A type of investment which confers ownership to the investors, and a chance to profit via dividends and capital gains is

How does the stock market in general assist the global economy?

If the Fed wishes to increase the supply of money circulating in our economy, it would do which of the following?

The monetary policy tool of the Fed which involves buying or selling U.S treasury securities is

Whose purchasing power declines most in times of inflation?

An increase or decrease in quantities offer for sale at each and every price as a result of change in an input cost is a

A credit card is a form of

Which of the following is an important advantage of a sole proprietorship?

An amount of money offered by a credit user to reduce the initial amount borrowed on a loan is called a/an

What are the three types of withholdings taken from the typical wage earners paycheck?

The economic system of the United States is best described as

A form or type of tax characterized by a lower tax rate for lower incomes and a higher tax rate for higher incomes is

Credit card companies make money from all of the following EXCEPT

At higher prices consumers generally buy small quantities, and at lower prices consumers tend to buy larger quantities.

The figure required by law to appear on all loan forms is the

When considering a bank with which to do business,

A financial institution which is non-profit and whose customers are members is called a

A business organization which furnishes limited liability , unlimited life , and raise large amounts of capital