We've almost made it but I want an A in the class so Imma study last minute and you can too

Question 1

in a PPF points outside the curve refer to...

Accepted Answer

Unattainable with current resources

Question 2

the main argument against progressive taxation is:

Accepted Answer

It penalizes the wealthy for their success

Question 3

which scenario best illustrates opportunity cost (I mean I guess but its kinda gross food)

Accepted Answer

buying a new phone instead of saving for a vacation

Question 4

Which of the following is NOT a strength of a market economy

Accepted Answer

centralized planning

Question 5

Which is a key advantage of using the common application for college admissions

Accepted Answer

It allows you to apply to multiple schools with one application

Question 6

The bright futures Florida academic scholars award requires

Accepted Answer

1330 SAT or 29 ACT, 3.5 weighted GPA, 100 community service hours

Question 7

Which type of risk can be reduced through diversification

Accepted Answer

Unsystematic risk

Question 8

Which of the following best descries a tax shelter

Accepted Answer

A legal strategy to reduce taxable income, such as using retirement acct...

Question 9

Which of the following is NOT considered a factor of production (I'm surprised you finished the quiz, congrats)

Accepted Answer

Money

Question 10

Which of the following is a key difference between income tax and payroll tax

Accepted Answer

Payroll tax funds specific entitlement programs

Question 11

A budget deficit occurs when:

Accepted Answer

Government spending exceeds revenue

Question 12

Which of the following statements about superscoring is correct?

Accepted Answer

The highest section scores from multiple test dates are combined

Question 13

Which of the following is a feature of developed nations

Accepted Answer

high level of industrialization

Question 14

The price-to-earnings (P/E0 ratio of a stock calculated by:

Accepted Answer

Diving current stock price by earnings per share

Question 15

which of the following is NOT a legitimate tax shelter

Accepted Answer

Hiding income offshore

Question 16

Which of the following best describes a mixed economy (Olivia always has cheese its)

Accepted Answer

both government and market forces influence economic decisions

Question 17

Which tax is the main source of funding for U.S. public schools

Accepted Answer

Property tax

Question 18

according to the theory of comparative advantage, a nation should:

Accepted Answer

specialize in goods it can produce at the lowest opportunity cost

Question 19

Which factor does NOT directly affect an individual's risk tolerance

Accepted Answer

Tax bracket

Question 20

Which of the following is true about federal income tax withholding (Michael always has Z bars)

Accepted Answer

Employers deduct taxes form paychecks throughout the year

Question 21

Which of the following is a characteristic of preferred stock (even more food)

Accepted Answer

Voting rights

Question 22

Which of the following is a result of specialization and trade according to the theory of comparative advantage

Accepted Answer

Both trading partners can consume beyond their own PPF

Question 23

which economic system is most likely to experience slow decision-making and little flexability

Accepted Answer

command

Question 24

Which document is required for Florida residency status in college applications

Accepted Answer

Proof of florida drivers license or voter registration

Question 25

Which of the following organizations was created at the Bretton Woods Conference (More food)

Accepted Answer

Internal Monetary Fund

Question 26

Which of the following best describes the primary market for stocks

Accepted Answer

Where companies issue new stocks to raise capital

Question 27

Which investment vehicle is most appropriate for a risk-averse investor seeking capital preservation

Accepted Answer

U.S. treasury bonds

Question 28

If a country operates inside its production possibility frontier (PPF)

Accepted Answer

Inefficient use of resources

Question 29

Which of the following best explains the effect of compounding on investment returns

Accepted Answer

Interest is earned on both principal and previously earned interest

Question 30

Which of the following best describes a "Safety" school in college application process

Accepted Answer

A school where you have a high likelihood of acceptance

Question 31

A regressive tax

Accepted Answer

Takes a larger percentage from lower incomes

Question 32

Which of the following taxes is most likely to be considered a "sin tax"

Accepted Answer

excise tax

Question 33

A mutual fund's main advantage for small investors is:

Accepted Answer

Professional management and diversification

Question 34

Which bond rating indicates the highest credit quality

Accepted Answer

AAA

Question 35

which of the following is NOT a type of trade barrier (remember the food you can get after this)

Accepted Answer

subsity

Question 36

The law increasing opportunity cost is illustrated by (better not bump into yall here this summer)

Accepted Answer

A bowed-out PPF

Question 37

the european Union's adoption of the euro is an example of:

Accepted Answer

A monetary union

Question 38

Which of the following best describes the fundamental economic problem of scarcity

Accepted Answer

limited resources and unlimited wants

Question 39

Which of the following is a direct effect of globalization (Don't eat these either. You don't know where they've been)

Accepted Answer

Increased interdependence among nations

Question 40

In a command economy, how are the basic economic questions of "what" "how" and "for whom" answered

Accepted Answer

Money

Question 41

Which of the following is true about ETFs compared ti mutual funds

Accepted Answer

ETFs are traded like stocks on exchanges

Question 42

which of the following is a criticism of globalization from developed nations

Accepted Answer

It leads to the hollowing out of manufacturing

Question 43

The main role of the World Trade Organization (WTO) is to

Accepted Answer

Negotiate and administer trade agreements

Question 44

Gross National income (GNI) per capita differs from GDP in that:

Accepted Answer

GNI includes income earned by citizens abroad

Question 45

the principle tha t"rational people think that the margin" implies:

Accepted Answer

People compare incremental benifits and costs

Question 46

Which economic system is most likely to discourage innovation and new ideas

Accepted Answer

Traditional

Question 47

which of the following shifts the PPF outward

Accepted Answer

technological advancement

Question 48

which of the following is an example of form utility

Accepted Answer

A car assembled from raw materials

Question 49

Which of the following is NOT a component of a tax return

Accepted Answer

Excise taxes

Question 50

Which trade barrier involves a country self-imposing limits on its exports

Accepted Answer

Voluntary export restraint

We've almost made it but I want an A in the class so Imma study last minute and you can too

Questions 50

We've almost made it but I want an A in the class so Imma study last minute and you can too

Questions 50