Econ w-FinLit

Unemployment that's result from too little demand for goods/services due to economic downfall

Economics is the study of how people

If the tax rate James pays increases as his income increases, the tax is called a(n)

What is the difference between gross pay and net pay?

When comparing industrialized nations to 3rd world countries, what is missing?

An obligation of repayment owed by one party to a second party is

Scarcity imposes three economic questions.  Which is NOT one of those questions?

Which is NOT one of the major 3 Consumer Reporting Agencies?

FPL is an example of

Which of the following is NOT a public good?

The Fed was set up by

Which of the following is NOT  factor that affects the demand for money?

The central bank of the US is known as

What does it mean when the demand for a product is inelastic?

Which of the following terms is another name for socialism?

What are the factors of production?

The purpose of insurance is to 

FDIC insures consumer deposits up to how much?

What concept is best explained by: "Money spent here cannot be spent there."

Which of the following is NOT used to calculate GDP?

Which of the following is true about a debit card?

People's wants are unlimited.  This means what is always present?

The savings habits of Ben & Arthur best illustrate which principle of saving?

What type of unemployment is this: Mark just graduated from college & is now looking for a job

"Paper" money is also known as

Monetary value of property or business beyond any amounts owed on it is

CPI stands for

Which of the following is NOT a necessary part of a market?

Rule of 72 is used to determine how many years it will take for your investment to do what?

Production process where worker or group is assigned a specialized task to increase efficiency

When it comes to managing money, success is about ___% head knowledge & __% behavior.

Instead of borrowing money for large purchases (by using a credit card), you should save money-

The benefit of diversification in your investments is

The most important measure of national income accounting is

Rent is a 

A market is in equilibrium when

Process of increasing the connectivity & interdependence of the world's markets & businesses

If the tax rate Alex pays decreases as his income increases, the tax is called a(n)

The supply curve slopes

At equilibrium, there is a 

Which is NOT true regarding college grants?

Which of the following is NOT a characteristic of money?

Which of the following is false regarding compound interest?

Which of the following is the law of demand?

The part of an insurance claim that is paid directly by the insured person is the definition of

How many Federal Reserve Districts are there?

happens when businesses find ways to do things better or cheaper & put others out of business

The rate of one's car insurance depends on which of the following?

What factors affect a credit score?

In order to steal your identity, all an identity thief would require is

Which of the following is NOT a use of money?

Which of the following is someone who is part of the labor force?