Business
Labor
Money
Taxes, etc.
Taxes/Trade
100
This type of business has limited liability and unlimited life
What is a corporation?
100
This is the term used for college graduates getting hired and paid better than high school graduates
What is signaling theory?
100
This is what it is called when money is saved for another time
What is store of value?
100
This is the correct order for the business cycle (start with the climb up)
What is expansion, peak, recession and depression?
100
This is the type of tax that is also known as a "sin" tax and these are two examples
What is excise tax on cigarettes and alcohol?
200
This is the definition of unlimited liability and limited life
What is owner is responsible for all debts, and when owner dies, so does business
200
These are three trends of labor
What is labor mobility, part-time and virtual employment?
200
This is when money is accepted by people when they buy and sell goods and services
What is medium of exchange and measure of value?
200
This is the worst type of inflation
What is hyperinflation?
200
These are four things that constitute a good tax
What is simple to understand, equitable (fair), efficiently collected and reliable?
300
This is the most common form of business
What is a sole proprietorship?
300
This is the term used for women who cannot obtain top managerial positions
What is glass ceiling?
300
These are three qualities for a good medium of exchange
What is portable, divisable and accepted by people?
300
This is an example of a progressive tax; a regressive tax
What is (graduted) income tax; sales tax?
300
These are three examples of automatic stabilizers
What is unemployment insurance, entitlement programs and progressive income tax?
400
This is the type of business that carries the name of a well-known company and uses its advertising and managerial skills
What is a franchise?
400
Structural is the most serous type of unemployment because of this reason
What is not enough jobs for certain trained employees?
400
These are three tools of the Federal Reserve Bank (FEDS) used to control the money supply
What is open market operations, setting the reserve rate and discount rate?
400
This is an example of mandatory spendng; discretionary spending
What is welfare; roads and highways?
400
This is a tax on imported goods
What is a tariff?
500
This type of corporation provides social, educational and religious services
What is a non-profit corporation?
500
This type of unemployment is most frequently experienced by students
What is seasonal unemployment?
500
These goods are NOT included when computing the GDP (give example)
What are intermediate goods (selling lumber to a carpenter)
500
This is the meaning for a tax that has equity
What is fiarness to all people?
500
These are examples of trade in labor, services and capital
What is immigration (or outsourcing), vacations, and investments?
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