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Consumer Ed Unit 1 Flashcards | StudBud
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Consumer Ed Unit 1
Consumer Ed Unit 1
40 terms
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StudBud Administration
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#review#taxes
Flashcards
40 cards
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Questions
40
Answers
1
What does the state do with tax money?
Pay for schools
Pay for National programs
2
Describe Freedom of Enterprise
you can make your own decisions
you can start any business you want
you can do different things
3
A goal is something you....
you would like to accomplish
you won't accomplish
have already accomplished
4
A cover letter should be signed.
true
false
5
You should advertise your qualities in a cover letter.
false
true
6
When you can "write something off" you make a ...
excusal
bonus
deduction
7
A business has a lawsuit filed against them...what happens to demand?
goes down
goes up
stays same
8
The US economic system has limited government....
money
choice
control
9
Someone who uses goods and services
citizen
Consumer
worker
10
house tax is known as
property tax
estate tax
income tax
11
A cover letter should use informal language like "Hey!"
false
true
12
What form will you use to file your taxes?
1000-AB
1040A
1040EZ
13
When are taxes due?
only if you feel like turning them in
May 15
April 15
June 15
14
Everyone gets a business tax
True
False
15
A tax return should be written in
pencil
black pen
pink pen
red pen
16
When wages increase....
product price can go up
both of these
Product quality can go up
17
Someone who produces goods and services
worker
consumer
citizen
18
Something we hold important...
goal
value
social cost
19
Local government gets money from
income tax
both
property tax
20
Something that we can get something from....
family
resource
job
21
You should follow up with the employer after you send your cover letter.
false
true
22
Own your own stuff...
private business
Private enterprise
private property
23
To file your taxes you need...
w-2
w-4
24
Social security is for
fixing roads
retirement
young people
25
State government gets money from
income tax
property tax
social security tax
26
When you can't go to the movies because you bought a car.
financial cost
family cost
social cost
27
What 2 things does a consumer use?
food and water
goods and services
goods and things
jobs and people
28
Consumers are less efficient by
Don't have the knowledge
are independent
Can't do things without help
29
A cover letter is used to...
get an interview
show interest in a job
introduce yourself to an employer
all of these
30
Advertising can...
get us to buy things we don't need
make us want something
all of the above
cause us to spend money we don't have
31
No one should double check your cover letter.
true
false
32
Economy controlled by only government.
command
Traditional
mixed
market
33
When supply DECREASES , Demand...
decreases
increases
stays the same
34
When someone passes away the money that is given to the family can be taxed with an....
sales tax
income tax
estate tax
35
Someone who benefits from services(roads)
worker
consumer
Citizen
36
A new iphone comes out...what happens to demand?
increases
decreases
stays same
37
An example of a social cost
air pollution
no movie
no dinner
38
How can taxes be filed?
in person/paper
in person/electronic
paper/electronic
39
Who makes decisions in a market economy?
businesses
citizens
government
everyone
40
A mixed economy is a blend of...
Market and market
command and market
command and tradition
traditional and market
