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Economic Final 2023 Flashcards | StudBud
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Economic Final 2023
Economic Final 2023
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Economic Final
Flashcards
49 cards
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Questions
49
Answers
1
Home mortgage with varying interest month to month is called..
variable mortgage
adjustable rate mortgage
prime rate mortgage
flexible mortgage
2
Not investing your money all in one type of investment
net
default
diversification
portfolios
3
What happens when money is taken out of a CD before the maturity date?
loose all interest
only get 1/4 of principal
only get 1/2 of the interest
only get 1/2 of principal
4
This is a report showing all a person's purchases and payments
Experian
credit card
credit report
FICO
5
This describes a stock market with low trading and low prices ...
Bear Market
Bull Market
Turtle Market
Dog Market
6
This is a group organized to represent the workers in negioation, with management
Union
Cohort
Crew
Committee
7
If Target bought Walmart it what kind of merger would it be?
horizontal
vertical
8
having limited resources and unlimited wants
gross
scarcity
elastic
substitution effect
9
Thinking about supply and demand formula if Supply is up and price is down what is demand?
up
down
10
This is a willingness to buy a product at a particular price
demand
asset
want
wish
11
Which is not a stock index..
wall street
NASDAQ
S&P 500
NYSE
12
This is a payment made 2-5 years into an ARM Mortgage
Balloon payment
Balloon bonous
Balloon Bonanza
Balloon rate
13
Gross is
money after taxes
money before taxes
resource
stock
14
A person who creates a new product or service is called
entrepreneur
founder
developer
inventor
15
In this system decisions are based on ritual and custom
traditional
command
capitalist
free market
16
This law prevents mergers
Anti-Monopoly Laws
Anti-Trust laws
Anti-Oligopoly Laws
Merge Reduction Laws
17
Tax document that states how many people are being claimed/supported.
529
W-2
K-9
401 K
18
This is an investor who buys when stock is low and waits for prices to go up.
Hot issue
Bottom Fisher
Bear Market
Bull Market
19
These are bills that totals stay the same every month
elastic
inelastic
subsidy
fixed cost
20
This is a market is controlled by a few co.
collusion
cooperation
monopoly
oligopoly
21
This agency makes sure principals are insured up to one hundred thousand
FDIC
SEC
FCC
The Fed
22
What type of resource is a hammer?
capital
all the above
human
natural
23
Term used to describe a person who works during a strike
scab
stitch
bandage
floater
24
This is the measure of what a country makes within its physical borders?
Gross national product
elastic demand
Gross domestic product
gross product
25
What agency regulates the stock market
SEC
FCC
The Fed
FiCO
26
This is when a company has a legal identity
oligopoly
corporation
conglomerate
general partnership
27
This is when workers do not work till their demands are met...
passive resistance
boycot
strike
impasse
28
This is a company that continues after the owner dies
Unending Story
Everlasting Life
Unlimited Life
Never Ending Life
29
When do people take money out of their 401k?
never their children inherit it
whenever they want
when they are 65
depends on terms of account
30
Fico score is ..
Date a payment is due
credit rating
the equity in your home
interest rate on loan
31
This is a company with branches in other countries is said to be..
multi cultural
conglomerate
international
national
32
supply of a product can be changed in response to demand
elastic
inelastic
subsidy
fixed
33
What is the longest period of time a fixed mortgage can be taken out...
30 years
25 years
15 years
20 years
34
What kind of merger is it if a bakery buys an oven company?
Vertical
Horizontal
35
This is when the gov pays money to help business that are suffering and in danger of going out of business..
variable
collusion
inelastic
subsidy
36
economy where the gov. owns all property and decisions are based on need not luxuary
traditional
command
capitalist
free market
37
This is to substitute a product with a cheaper one
elastic
demand
substitution effect
total out put
38
Goods and services made by a country anywhere in the world
Gross domestic product
Gross portfolio
Gross national product
Gross trade
39
Type of resource where people use their knowledge and skills
human resource
capital resource
land resource
natural resource
40
This is when a third party tries to help workers and magangement come to an agreement
mediation
intervention
conference
strike
41
When a company is owned by a few people it is called..
cash cow
limited life
closely held
oligopoly
42
The usefulness of product wears out with use. This is called.....
margin utility
in elastic
elastic
demising margin utility
43
This describes stock market with a lot of trading and high prices
turkey market
dog market
bear market
bull market
44
This is a license to start a co.
cd
tender
permit
charter
45
What is the difference between a 401k and a mutual fund?
401k is protected
mutual fund is given after 65
401k is deducted out of your check
mutual fund is protected
46
This type of economy is driven by supply and demand and property is privately owned
command
capitalist
traditional
47
These are people who buy goods and services
entrepreneurs
inventors
interns
consumers
48
A new stock that is doing well is called....
closely held
hot issue
junk bond
dog
49
net is....
a mortgage
money kept after taxes
hot stock
money kept before taxes