Financial labor topics of Economics
When the demand for a resource is greater than the supply of that resource, as resources are limited.
What is “Scarcity”!!
The base of this project is ___
What is “economics”!!
If you’re a Halloween decorator around Christmas you’re most likely to experience…what type of unemployment?
What is “Seasonal Unemployment”!!
Why are tax returns so important?
They allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.
The quantity of a good that consumers are willing to spend their money on as a trade off with the producer.
What is ”demand”!!
Is it true that you don’t earn money from a Non-profit organization?
What is “false”!!
You in fact CAN earn money despite the name “non profit”.
Elon Musk taking over twitter and it being under a new structural base would be an example of what type of unemployment?
What is “Structural Employment”!!
Is “national debt” caused by the people of the country or the government borrowing money?
What is “government”!!
During the COVID-19 incident their were enormous amounts of items no longer available on the market due to them being sold out, this Is an example of…
What is “shortage”!!
How is an entrepreneur and the subject “economics” similar?
Economics is the study of scarcity and its implications for the use for the use of resources and goods of services related to business.
An entrepreneur is someone who organizes and operates a business or businesses.
Frictional unemployment is the process in which unemployment exists due to people moving from ___ to ___
What is “Job to Job”!!
How does revenue coincide with property tax?
Property tax is simply a levy on the value of buildings, land, and some personal property. Revenue is most often used to fund school and local government services.
Labor force is NOT the sum of the employed plus the unemployed.
What’s is “FALSE”!,
How does a franchise and the “supply” affect the community and the consumers?
A franchise can be a brand such as Apple. If they stopped making iPhones it would negatively affect the community and the people who want to buy and invest in iPhones and apple products (consumers).
When the housing market collapsed and led to less new development and fewer construction workers is an example of what kind of unemployment
What is “Cyclical Unemployment”
When was the “tax credit” created?
It was established in 1997 as a part of the taxpayer relief act.
If “importing goods” means bringing in goods from another country what does “exporting goods” mean?
Sending goods to another country!!
What is the difference between a “free market economy” and a “command economy “?
Command economy - An economy in which production, investment, and incomes are determined centrally by a government.
Free market economy- An economy in which the prices are (unlike command economy) determined by the buyers and the demand they express over the product.
What is the difference between cyclical unemployment and seasonal unemployment?
There will still be jobs that are needed with seasonal unemployment all the time, but with cyclical unemployment their will be times when those certain jobs aren’t needed and times when they are.
What is the definition of property tax?
“Tax paid on property owned by an individual or other legal entity such as a corporation”.