Unit 1
The value given up by not choosing the next best alternative.
what is Opportunity Cost
Addresses taxation, government spending, and borrowing, and it is generally determined by government legislation.
what is Fiscal Policy
The business practice of hiring workers or companies outside of one’s own business to perform services or create goods that were traditionally performed by the company's own employees.
what is Outsourcing
Free 100
No catch just points
The driving force of economics. Characterized by unlimited wants vs limited resources.
what is Scarcity
Who is in charge of monetary policy?
what is the Federal Reserve
The government receives the most revenue from this.
what is Individual Income Tax
Trade agreement among the named parties that began July 1, 2020. More balanced, reciprocal trade supporting high-paying jobs for Americans and grow the North American economy.
what is the USMCA
Who is on the $100 bill
who is Ben Franklin
This is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
what is Free Market Economy
How many district banks are there in the Federal Reserve?
what is 12
A program created to promote the economic security of the American people.
How many great lakes are there
what is 5
As ______ increases ______ decreases. Where they meet is known as equilibrium.
what is Supply and Demand
The cost of money and credit.
what are Interest Rates
Protects the original work of authorship. Such works are literature, drawings, paintings, songs, music, computer software, films, photos, web content, etc.
what is a Copyright
Tallest mountain
what is Mt Everest
Any arrangement that enables buyers and sellers to make contact for transactions
what is a Market
A set of actions to control a nation's overall money supply and achieve economic growth.
what is Monetary Policy
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
what is a Public Good
9+10
what is 19