Economics

_________loks at individual consumer behavior

one individual doing business

When a supply curve shifts to the left or right

Funds Social Security and Medicare

A good that is sent to another country is called a(n)

When the economy is growing too quickly, which type of fiscal policy will the government use?

The nearest federal reserve bank

Economic theory that the government should help the economy

Alternatives that are given up when a choice is made is called-

______ interest is calculated on the amount of the deposit PLUS interest earned.

When a product is considered the same no matter who makes or sells it, it is called a(n)

When assets can be easily and quickly converted to cash, they called-

the purpose of the FDIC is to-

What does scarcity mean in economics?

Used to encourage a certain type of economic behavior

Number of federal reserve districts

______interest is calculated on the amount of the deposit only

The term money supply refers to-

When government revenues equals expenditures, we say that the budget is-

Which form is filled out when someone begins a new job and is used to withhold taxes

Currently is about 18 trillion

Federal income tax is due on-

A government run retirement fund for those over the age of 65 and those who are disabled.

A good that is brought in from another country is called a(n)

Which type of financial institution offers low interest rates to its members?

Ways to measure the health of the stock market are/is-

When our wants exceed our limited resources, it is called a-

Economics is the study of-

When revenue exceeds expenditures

Policies meant to grow an economy

Increased government spending-

In 1929, the crash of the stock market contributed to-

When the government cuts taxes, what is their intended outcome?

Federal income tax is an example of-

High-yield, low-rated, risky bonds are called-

Goods that are bought and used together are called

the government's fiscal year-

Good options for saving for retirement include-

The three factors of investing include all of the following except-

__________studies the economy as a whole

The price paid for the use of borrowed money is called-

Amounts that you can subtract from your gross income on taxes

Which of the following is the best example of the law of supply

How do excise taxes affect price and supply?

Which of the following is true of investing in the stock market?

Economic term, best explains why businesses don't always make more money when charging more

Which of the following is a trade agreement between the U.S., Canada and Mexico?

The law of demand is best illustrated when-

The government receives most of its revenue from-

Major economic indicators used to decide fiscal and monetary policy include-

The goals of fiscal policy include-

A(n) ___________ is a special type of loan used to buy real estate.

When moving along a demand curve, the only factor taken into account is-

Actions the FED takes to influence the economy

The basic tool of fiscal policy is-

Spending such as education and defense

Use of spending and revenue collection to influence the economy

If you use tight money policy you are trying to ______ the economy

wHICH OF THE FOLLOWING IS NOT A FACTOR OF PRODUCTION?

Typically speaking, the riskier the investment-