Final Prep

The Fed acts as lender of last resort to what group?

What is an advantage of being a franchise?

Because of scarcity, every decision involves a

How does the prez of NY differ from the other Fed bank presidents?

Which basic economic goal is most easily achieved in a traditional economy?

Which of the following is a potential disadvantage of multinational corporations?

In the early 2000s, the number of home foreclosures increased because

What is the income called that the government collects through taxes?

Which item will be heavily taxed to discourage usage?

In a typical business cycle, what stage immediately follows a peak?

What are the three factors of production?

Someone taking a course in engineering is affecting what factor of production?

Why are all goods and services scarce?

What is considered to be the riskiest way to invest your money?

Any resources that are made by humans and used to create other goods and services are called

What does the IRS stand for?

Why does the government grant patents to some firms that develop new products?

The fact that coins can last a long time in circulation shows which characteristic of money?

The points on a PPC all represent

Which of these is NOT one of the three uses of money?

Which of the following is a characteristic of monopolistic competition?

A dollar bill with the district letter L and number 12 is issued from?

Highest point in a business cycle

Which of the following is not a part of the business cycle?

Drawing a PPC helps a country's economists determine `

In the early days of our nation, a strong centralized bank was favored by ____________________.

Which of these is NOT one of the three uses of money?

What is an opportunity cost?

When do you not need to complete a W4?

What is the lowest amount you can claim on your W4?

How many Federal Reserve District Banks are there?

When you collect interest only on your principal amount