Final Prep

When you collect interest only on your principal amount

What are the three factors of production?

Why are all goods and services scarce?

What does the IRS stand for?

What is considered to be the riskiest way to invest your money?

In a typical business cycle, what stage immediately follows a peak?

Drawing a PPC helps a country's economists determine `

What is an advantage of being a franchise?

When do you not need to complete a W4?

What is an opportunity cost?

Highest point in a business cycle

The fact that coins can last a long time in circulation shows which characteristic of money?

Which of the following is not a part of the business cycle?

The points on a PPC all represent

Which item will be heavily taxed to discourage usage?

In the early days of our nation, a strong centralized bank was favored by ____________________.

Why does the government grant patents to some firms that develop new products?

A dollar bill with the district letter L and number 12 is issued from?

Any resources that are made by humans and used to create other goods and services are called

The Fed acts as lender of last resort to what group?

What is the income called that the government collects through taxes?

Which basic economic goal is most easily achieved in a traditional economy?

How many Federal Reserve District Banks are there?

Which of these is NOT one of the three uses of money?

Which of the following is a potential disadvantage of multinational corporations?

Someone taking a course in engineering is affecting what factor of production?

Because of scarcity, every decision involves a

What is the lowest amount you can claim on your W4?

How does the prez of NY differ from the other Fed bank presidents?

In the early 2000s, the number of home foreclosures increased because

Which of the following is a characteristic of monopolistic competition?

Which of these is NOT one of the three uses of money?