Econ Final Review 1

The amount of money needed to cover basics such as housing, food, taxes, and healthcare is called ____.

Doing all of these things will increase the likelihood that the charity you are donating to is not a scam EXCEPT:

According to the law of Demand, what happens to demand when price rises?

Which is the best example of an export?

The largest expenditure in the federal government is which of the following?

The type of job a person does is based on custom. Which economic system does this represent?

What type of economy does the North Korea have?

According to the law of Supply, what happens to supply when price rises?

What common form of marketing companies use to connect with potential customers of their for a good or service?

The role of the United States government in the domestic economy is best described as which of the following?

Business loses customers, experiences profit losses, maybe claiming bankruptcy, then shutting down closing is caused by

The amount of money you have left over after you list your assets and subtract your debt.

What type of scam involves sending emails to a consumer & trying to obtain a SSN or other personal information?

How much does the FDIC insures bank accounts?

What are shares in the ownership of a company known as?

A(n) __________________ company can provide financial protection during emergencies, such as hurricanes.

Which is the best example of an import?

Which of the following is one of the main functions of money?

What is used by a government to stop trade with another country?

Which type of mortgage will not change over time?

Who should be consulted to help with estate planning and writing skills?

Which of the following statements is not true of the Federal Reserve System?

How do banks make most of their profits?

What is an example of a fixed cost?