Economics Exam 11-15

Time, number of employees, and resources used are involved in _______.

How much wood would a wood-chuck chuck if a woodchuck could chuck wood?

Who introduced the minivan in 1983?

A charitable contribition is an example of a(n) ___________ _________ from a person's income tax.

_______________ is a federal program that provides medical coverage for the elderly.

When you sell your home you don't have to pay capital gains taxes on the first ________ that the house has gained value.

___________ heads the development of the federal budget & sees that other executive depts. follow budget guidelines.

The Affordable Care Act was started in ________.

________________ is a federal program providing retirement benefits and survivor benefits to deceased worker's families.

_______________ enforces the tax code.

Short term loans companies obtain to make their payroll are called _____________.

_______________ is the inability to pay one's debts.

The ____________________ is the electronic stock market founded in 1971.

Economic activity based on moral principles is _______________.

For people to engage in riskier behavior if other people bear or share the cost of that behavior is called ____________.

___________________ is a government-sponsored investment corporation that buys mortgages issued by lending institutions.

______________ is an estimate of what a typical urban consumer has to pay for a sampling of typical goods and services.

Saudi Arabia, Venezuela, and Qatar belong to the _____________________________________.

The average length of a recession since World War II is _______________.

America's largest crop is....

_____________ includes consumer purchases, business purchases, government purchases, and net exports.

______________ has not significantly changed the percentage of Americans living in poverty.

The two most important elements in a budget are _______ and __________.

The federal government ____________ ___________ for farmers and companies seeking to develop alternative energy sources.

Christians live in the ________________ realm.

The economic boom of the 1990's was called the ___________________.

____________ manages risk.

The largest stock exchange in the world is the ________________.

_____________________ determines the prices of shares of stock.

A major commodities market is ______________________________.

___________________ refers to the amount that the government spends in a given year which exceeds revenue received.

A three member group that advises the president on domestic and international economic policy is

______________ develops trade and conducts trade negotitions with other countries.

A loan to purchase a home is called a _________________.

When tax rates are high,

________________ is the production of a nation's permanent residents, whether that production is in the US or elsewhere.

The standard of living Jesus offers is....

___________________ is a federal program that provides medical coverage for the poor.