eco final review 1

When people agree with fiscal policy decisions they are more likely to _ their money.

In today's global economy many countries try to keep a _ advantage.

C D 's are a safe but slow way to make money. C D stands for

The basic 3 economic questions that every society must answer are What will be produce, to

_ _ provide bank like services for their members.

The 3 basic economic systems are traditional, market and

In this country we use _ money, backed by the US government.

Property taxes, building permits, vehicle tags are

The 4 phases of the business cycle are trough, expansion, peak and

There are 3 basic taxes in America today. Progressive, regressive and

_ policy is controlled by the FED.

Today's money supply is made up of account numbers and

_ must be durable, portable, divisible, stable in value, scare and accepted.

Which price clears the marketplace?

_ policy is controlled by the governments, as they tax and spend.

Innovation is key to a capitalist society therefore _ play a huge role.

Who is chairman of the FED?

A Keynesian economist would advise _ money into the business cycle during a trough period.

Raising or lowering various bank rates, buying & selling securities, moral suasion are all

Diversification of your investment portfolio is important to minimize risk and increase

Land, labor, entrepreneurship, capital and technology are known as the factors of

Economic stability, growth, equity, freedom of choice, security, & efficiency are all

The 4 market structures are monopoly, oligopoly, monopolistic competition and

Tax policy can be used to promote price stability, full employment and economic

The 3 main business organizations are sole proprietors, partners and