Benchmark Study Guide

Protected by the law

Best NFL team.

Education, Age, Experience, Supply, Demand, etc. influence ____.

Protects people from scams and false contracts, this describes which agency?

Which agency protects others from losing money from advanced stockholders?

Central Bank of the whole U.S.

Federal Reserve regulates banks to keep what safe?

Use resources to create income and buy products

How can companies lower production cost?

Combining resources to make goods and services.

Which Economy? Based on TRADITION, culture, and history.

Which are ways the government promotes competition?

Buy resources, make products

Acts as a legal person, limited liability, STOCKS

Gov't keeps this low

Sales, Buy One Get One Free, 5% interest added per year

Which agency protects the environment?

Movement Of money, resources, goods, services, etc.

Amount of goods people are willing to buy

Laws designed to prevent monopolies

The U.S. tries to maintain value of this.

Power of the buyers to determine what is produced and consumed?

WHICH ECONOMY? --Central Planning, Government, Ownership of Resources, No Choice

Employees seek people who ____ with tech.

Advancements in tech .......

Amount of goods producers are willing to make.

Materials used during production

Value of what is given up when a choice is made is called what?

Owned by two, risks and profits split

Eli will fall later.

Who do banks and credit unions bring together?

Which Economy?-- Business, Individuals, and Government Involvement, Choices

Owned by one, owner takes all risks

Banks, Credit Unions, Savings/Loans

Which agency controls communications such as Radio and TV?

Buying and selling goods around the world is he definition of ______.

$$$- Taxes/Expenses=______

Use tax revenue to provide public goods/services

When the government lowers taxes, ________

Strong work ethic means you have good ___.

What wouldn't be provided if an individual had to provide it?

When the Government raises taxes, ______.

How does the government pay for public items?

Lower Prices, better quality, more choices- These are a result of what?

What determines the type of economy a country has?

What invention most contributes to the growth of trading?

These are useful to protect producers, consumers, and buyers.

What are these called?- What will be produced? Who will produce it? For who is it produced for?

Buying and using goods and services.

Rights are violated, you take what?

Another word for money

Which Constitutional Amendment lets the Gov't collect an income tax?

Federal Reserve Notes, Dollars, Checks, Credit, Debit, Savings

These are the result of _____: lower priced items, items we cannot produce.

Specializing in the production of certain goods and services ________.

What do you do when you give money to the bank?

Looking into your abilities before you begin a career.

What do banks pay on deposits to encourage saving?

Very Little to no Gov't, Competition, Private Ownership, Full Choice

The Federal Reserve tries to keep money in the ___.

Synonym of currency

What are these examples of; Roads, Mail Offices, Navy and Army, Education?

Selecting an item or alternatives to other ______.

We do what to increase wealth and occupations?

A person who takes a risk in order to benefit from a profit

What do individuals and businesses have the right to own?

Why does our government issue money?

Gov't agency guidelines establish protection for what?

Money exchanged for a product; determined by supply and demand

What is approved borrowed money from banks and credit unions?

Inability to satisfy all wants at the same time.