Economics Basics Review

What job is not paid for with tax payer dollars?

What happends to the price of a product when demand is high?

Which of these is not a type of debt

What is a typical rate on a credit card?

If your payment for your full credit card is recieved by the lender before the due date, you will not owe any interest.

The amount of money paid for the use of someone else's money, usually measured by percent.

A tax on home ownership based on the value of the home.

A product or a goods availablity

Ownership of a corporation based on number of shares available

A tax which is placed on items that are bad to deter people from buying them.

The total amount of money you owe other people.

A way for you to buy something now and pay for it later

The cost of the amount of the item bought or the amount of money borrowed.

When paying interest on your home mortage which loan would require you to pay less in the long run?

A tax based on purchased good that is a small percentage of the total price.

A mandatory contribution to government revenue: several types