Economics EOY 9W Review

Front

What market system follows the following rules?
- few large profitable firms
- companies sell similar goods
- producers face high barriers to enter the industry

Back

oligopoly

Front

one of the obligations of borrowing money is to

Back

make payments on time

Front

CORPORATIONS, like Amazon, _______

Back

Has many of the legal rights of an individual and sells stock and issues bonds.

Front

What is the safest and non-penalized option for Martin to put away money for his vacation to Niagra Falls next year? Options: Checking account, Savings account, Mutual fund, IRA account

Back

Savings account

Front

What is one advantage to placing savings in a high-risk investment as oppose to putting savings in a low-risk investment?

Back

The potential rate of return on investment is higher.

Front

Consumption + Investment + Government + Net Exports = ?

Back

Gross Domestic Product

Front

Which of the following best completes the list below?
-Gross Domestic Product
-Gross Domestic Product per capita
-?

Back

Unemployment rate

Front

The rate of which local tax is determined by assessing the value of land and buildings?

Back

property tax

Front

Why would the U.S. government seek to limit the development of business monopolies?

Back

to encourage competition

Front

Which of the following actions would best improve a credit score? Paying off all debts, Consolidating some credit card balances, Checking credit reports on a regular basis, Keeping credit card balances as high as possible

Back

Paying off all debts