Labor Markets
What do businesses do in the circular flow diagram?
Produce goods and services
Payment history, Getting another credit card, bankruptcy.
This investment option represents ownership in a corporation.
Stocks
This type of tax takes the same amount from everyone.
Proportional Tax System
What is the type of insurance that protects against illness or injury?
An increase in the demand for teachers will cause what for quantity of labor and wages?
Wages to Rise and Quantity to Increase.
This loan require an asset as collateral and has low interest
Secured Loans
This investment option allows people to buy multiple stocks and bonds through an investment manager.
Money Market Mutual Funds
This type of tax takes a larger percentage from higher income individuals.
Progressive Tax System
What is the type of insurance that provides financial protection in case the policy holder dies?
Life Insurance
The hiring of an additional worker will cause a decrease in overall additional output is called?
Law of Diminishing Marginal Returns
The 3 C's of Credit Worthiness are?
Character, Capacity, Collateral
This investment option deposits money into an account for a specified amount of time
Certificate of Deposit
This type of tax takes a larger percentage from lower income individuals
Regressive Tax System
What is the Type of Insurance in case the policy holder can no longer work?
Disability Insurance
The additional revenue generated by hiring an additional worker is called what?
Marginal Revenue Product
This loan does not require collateral but has a higher interest rate
Unsecured Loan
This investment option is similar to a loan that is low risk low reward
Bonds
Interest that is earned on principal and previously earned interest.
Compound Interest
The monthly amount you pay to the insurance company to be on the an insurance plan.
Premium
The additional cost generated by hiring an additional worker is called what?
Marginal Resource Cost
These two institutions do NOT issue credit but act as the issuer of the credit card itself.
VISA & MasterCard
When a stockholder sells a stock for a profit.
What is Principal?
The original amount saved before interest.
The amount you pay before your insurance starts paying.
Deductible