Mixed Review Civics and Economics

What is the reward for buying stocks?

Term:  money constantly transfers from producers to consumers?

Why do responsible consumers use credit or credit cards?

What happens to price in a surplus?

When people are confident in the stock market, they invest their money?

Term:GDP, production, employment rates are up, interest rates are rising with prices of goods

Why do judges require evidence to issue a search warrant?

What market:  consumers buy from producers?

What is an advantage of a corporation?

Term:  when it is cheaper for 1 country to produce it then another?

Who is responsible for enforcing laws at the state level?

What market:  businesses buy from consumers?

Why are monopolies and oligopolies dangerous to a market system?

What is the role of the Federal Deposit Insurance Commission (FDIC)?

Term:  when you give up one thing in order to get something else?

Why are patents and copyrights needed?

Term:  you will reach a point where you just cannot be more productive?

There are certain things people do not want in their neighborhoods like waste or nuclear sites?

Term:  people have an unlimited amount of needs and there is only a limited amount of resources

What is a monopoly?

Term:  producers will make more at a higher price?

Term:  increases prices on foreign goods making people buy domestic?

Term:  people will buy more if the price is less?

Where would a chair be sold?

Who decides what to produce in a market economy?b

What is the benefit of investing in a timed account (certificate of deposit = CD)?  

What is a company's profit based on?

What do protective tariffs discourage?

What is NAFTA?

What happens to price if a company has a monopoly on the market?

How can the Federal Reserve Board discourage inflation?

Why do companies invest in training their workers?

What is a favorable balance of trade?

Term:  one person is an expert in their field.  Allows companies to be more productive.

What are the effects of automation?

What are the four factors of production?

Term:  type of economy in which the government controls all aspects of the economy?

How would a retailer react if there is a high demand for a scarce product in a market economy?

Term:   looks at prices to see if they are going up or down?

Which is a likely effect of increasing tariffs on imported cars?

Term:  GDP is falling, unemployment rates go up, and prices fall?

What should consumers consider before making a credit card purchase?

What happens to price in a shortage?

What is buying an item a trade off for?

What is an oligopoly in economics?

What happens to price in a competitive market?

Term:  total sum in dollar value of all goods and services produced in a country?

National Do Not Call Registry and Equal Credit Opportunity Act are which type of protection?

Stock market is not doing well so people do not invest in stocks?

Term:  laying off people from a company?