Duplicate of Semester Exam Review - Economics

Which form of compound interest earns the most money?

When buying a stock, taking the "long position" means:

Banks and other lenders do NOT share your history when considering you for a loan.

Inputs that are used to produce a good/service are known as:

When quantity supplied and demanded are equal that is known as:

How much money the country owes is known as:

An increase in technology will shift the ______ curve to the _____.

Inquiring about a credit card charge will have no impact on your credit score.

Banks share information with each other, and likely know if you have missed any payments.

Any point below the equilibrium is known as a:

Which is not one of the credit score agencies?

Who thought of the idea of the Invisible Hand? What was main idea?

The annual percentage rate on you credit card determines which of the following?

Which of the following is included in the Federal Reserve?

A Canadian citizen, makes hats in the US and exports them to Canada. Is that included in GDP?

Which is TRUE about renting and owning.

John Maynard Keynes proposed that we could shock the economy out of recession by:

Which of the following are complementary goods?

Why will human wants never be completely fulfilled?

A recovery begins AFTER which stage of the business cycle?

The governments use of taxing and spending is known as:

If you go home to play video games, what would be your opportunity cost?

Full employment is found at the:

How are decisions made in traditional economic systems?

The federal reserve was founded in 1913 and gave the reserve system the power to:

The government finances a budget deficit by:

Which type of economic system does China have?

Which is not a factor that affects demand?

Which of the following is a non-renewable resource?

The behavior of buyers, or consumers, is represented by:

Which form of payment for education does not have to be repaid?

You expect the price of a product to go up or become scarce. What will be the effect on demand?

Which of the following is the result of inflation?

Which is NOT one of the three economic questions all societies must answer?

Wages received from the exchange of factors of production flows from businesses to households.

If a good is defined as "normal", and you just got a raise at work, what will the effect be?