Economics--Final

Spreading out your investments into bonds, stocks and precious gems to lessen your risk is known as

The screening effect and learning effect are both theories to explain why

A business owned by many peope would be

Opportunity cost would be

When several companies that make totally unrelated products combine it is known as a

Which of the following is NOT a type of unemployment?

Which of the following would be considered an inferior good?

A tax that has the rich pay a lower rate is known as a

A business owned by one person would be

Which of the following is NOT considered an entitlement program?

Working in an assembly line putting tires on cars day after day would be

Entitlement programs are ones that

If an item is inelastic, what sort of change in demand will happen with a price change?

A minimum price that the government allows would be an example of a

When comparing the output of a country over 2 years, which statistic will provide the most accurate information?

If the government tries to borrow money and then a private business can't, which situation has occurred?

If the Federal Reserve System is worried about inflation, which policy might they adopt?

Income taxes are generally seen as an example of a

Social Security is an ex example of

Which of the following is NOT needed for perfect competition?

A 17 year old student is not considered unemployed by the government even if they want to work because

Which economy involves free market combined with limited government involvement?

When several companies that make similar products combine it is known as a

Which statement best summarizes the idea of a normal good in economics?

Define cash transfers (as used in national government operations).

A tax that has the rich pay a higher rate is known as a

What is the primary purpose of savings bonds?

If the Federal Reserve System is worried about a shrinking economy, which policy might they adopt?

Define in-kind payment (as used in national government operations).

When several companies that make products at different stages of the same process combine it is known as a