Econ Review L6-10

Question 1

In which market does the overall confidence in the economy increase?

Accepted Answer

Bull Market

Question 2

What is a tariff?

Accepted Answer

A tax on imports

Question 3

What can happen when debts pile up and you can’t pay?

Accepted Answer

Bankruptcy

Question 4

In which market can companies offset their futures risks when buying or selling natural resources?

Accepted Answer

Commodities Market

Question 5

Notes of indebtedness are known as...

Accepted Answer

bonds

Question 6

In the Business Cycle letter B represents

Accepted Answer

Trough

Question 7

A prolonged decline in the general price level of goods and services is

Accepted Answer

Deflation

Question 8

installment debt owed on houses, buildings, or land

Accepted Answer

Mortgage

Question 9

In the Business Cycle letter A represents

Accepted Answer

Peak

Question 10

You're viewing a new cell phone ad. This is considered

Accepted Answer

Informative advertisement

Question 11

Which of the following is NOT counted in the GDP?

Accepted Answer

A man buys a used car

Question 12

What would cause the aggregate demand curve to shift to the right?

Accepted Answer

Consumers save less, spend more

Question 13

In the Stock Market investors buy shares of ownership in a corporation

Accepted Answer

True

Question 14

Four things that should be considered when choosing financing...

Accepted Answer

Interest costs, company's health, market climate, company control

Question 15

something of value that a borrower lets the lender claim if a loan is not repaid

Accepted Answer

Collateral

Question 16

How the stock market works depends on the actions and decisions of

Accepted Answer

Both sellers and buyers

Question 17

The prices of securities are determined by Supply and Demand

Accepted Answer

False

Question 18

investigation of a person’s income, current debts, personal life, and past history of borrowing and repaying debts

Accepted Answer

Credit check

Question 19

TOTAL INCOME FROM SALES are known as

Accepted Answer

Revenues

Question 20

Revenues MINUS costs equals...

Accepted Answer

profit

Question 21

Monetary income a person has left to spend on extras after necessities have been bough

Accepted Answer

Discretionary Income

Question 22

The measurement of the national economy’s performance is called

Accepted Answer

National Income Accounting

Question 23

Ability of one country to produce a product more efficiently than another country can

Accepted Answer

Absolute Advantage

Question 24

There are three different kinds of debt financing...all of these BUT which?

Accepted Answer

Immediate-term

Question 25

Fall in the price of a currency through the action of supply and demand

Accepted Answer

Depreciation

Econ Review L6-10

Questions 25

Econ Review L6-10

Questions 25