Micro Ch_4 Price Controls Vocab Flashcards
Flashcard
•
Financial Education
•
11th Grade
•
Practice Problem
•
Medium
Mr. Nichols
Used 1+ times
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5 questions
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1.
FLASHCARD QUESTION
Front
Interest rate
Back
The "price" of borrowing in the financial market (borrower); a rate of return on an investment (lender).
2.
FLASHCARD QUESTION
Front
Living wage
Back
A minimum wage that is set high enough to maintain a normal standard of living.
3.
FLASHCARD QUESTION
Front
Minimum wage
Back
A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate.
4.
FLASHCARD QUESTION
Front
Universal Basic Income (UBI)
Back
A government program in which every adult citizen receives a set amount of money regularly.
5.
FLASHCARD QUESTION
Front
Usury laws
Back
Laws that impose an upper limit on the interest rate that lenders can charge.
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