Economics Final Review

Which scenario will result in poor credit score and pay higher interest on loans?

TIMER is an acronym used for

Peanut Butter and Jelly are examples of

An act performed for a person is called

Land, Labor, Capital and Entrepreneurship are?

What type of unemployment occurs during economic downturns?

Supply curve goes in what direction

What type of car insurance is required if you finace the vehicle?

What point(s) are inefficient?

What is the ONLY reason for a change in quantity demand or change in quantity supplied?

Coke and Pepsi are examples of

What term means a person give up something when a choice is made?

An increase in demand will cause a shift in what direction?

A desire or good that is not vital for survival is called?

If a producer has more goods than is demanded what will occur?

What is a loan to purchase your home called?

What point(s) are at maximum capacity?

What does an expectation like the Christmas Season do the supply of toys?

Demand curve goes in which direction

What term is defined as a study of efforts to satisfy unlimited wants and limited resources?

GPSCENTT is the acronym used for

When quantity demanded is great than quantity supplies it is called?

What point(s) are unobtainable?

A decrease will cause the demand to shift what direction?

What shift will occur to corn when a farmer receives a government subsidy?

Type of unemployment occurs when people are replaced by technology.