Debt
Name the three big entitlements in the US budget.
What are Social Security, Medicare, and Medicaid?
This is the purpose of food labels.
At the time of writing our text, the US was expected to produce more oil than this current leader.
What is Saudi Arabia?
This is large, often excessive, severance package for executives makes for a soft landing.
What is a golden parachute?
The link between currency value and trade flows is described as ______.
What is "weak?"
Name three characteristics of Hard-to-Serve loans.
Low credit score, Late payments and collections
Bankruptcy/foreclosure, High credit utilization
Irregular income, Hard to prove income
Frequent job changes, High debt load
Little or no savings
These are the primary testers of GMO foods.
What are the chemical companies who made them?
Ethanol and Biodiesel, Advanced – non food, and Cellulosic are categories of this type of energy.
What are "biofuels?"
Milton Friedman states that THIS is the social responsibility of business
What is "Increase profits"
This is the central banking system of the US.
What is the Federal Reserve?
Foreigners hold this percentage of our national debt.
What is 30%?
There have been a number of Industrial Revolutions. Tell us how many, and which one built the middle class.
What are "three" and "two, with the invention of the automobile?"
20% of worldwide crude flows through this passage which borders Iran.
What is the Strait of Hormuz?
According to Milton Friedman, in a free-enterprise, private-property system, a corporate executive is an employee of _____________.
Who are "the owners"
This is a measure of how much income or output is generated in an average hour of work in the US economy
What is "Productivity?"
A mortgage. A credit card loan. One of these is an example of a revolving loan. Name which one.
What is a credit card loan?
"Swift and elegant" describes the adaptation of this food delivery enhancing service.
What is "Uber?"
This regulation mandates that transportation fuels sold in the U.S. should contain a minimum volume of fuel from renewable sources, the level of which is expected to increase every year.
What is "Renewable Fuel Standards?"
Per Lubber, goal setting, continual performance improvement, and accountability are the three keys to this.
What is "engaging external stakeholders"
Karl Marx says that we should abolish this to be happy.
What is "individual, private property."
When one party of a transaction has more knowledge than the other, we call it this.
What is "Information Asymmetry?"
This commodity is the second most globally traded item and is also one of the most mentioned when speaking about fair trade.
What is "coffee?"
The point where blenders are unable to safely add additional ethanol to the fuel is called this.
What is the blendwall?
Babe Ruth earned this much in 1930.
What is $80,000?
Adam Smith uses this metaphor to describe how individuals pursuing their own self-interest can unintentionally promote the overall good of society through free-market mechanisms
What is the “invisible hand?”