Economic question decided by individuals in a marketplace
What is an Economic Incentive?
100
All the goods and services produced for one year in a particular country
What is Gross Domestic Product (GDP)?
100
What is my claim to fame?
What is the invisible hand
100
The process by which the monetary authority of a country controls the supply of money.
What is Monetary Policy
100
The dollar amount it cost to use credit
What is interest or a credit card finance charge
200
Consumers are willing to buy more of a good at lower prices than at higher prices
What is the law of Demand
200
An unemployed persons are not adding to GDP hurts this
What is the economy
200
Not giving your Social Security number out over the phone to a call you did not initiate will help you to avoid this
What is identity theft or credit card fraud.
200
This government agency protect consumers of financial institutions and investments.
What is Securities & Exchange Commission
200
The higher the deductible on an insurance policy, the
What is lower the premium
300
If the supply curve stays the same and demand increases, what is the change in the quantity and price?
What is both quantity and price will increase.
300
A rise in prices resulting in overall inflation of goods and services in the economy is an example of this type of inflation.
What is Cost-push inflation
300
What is the most likely outcome from the following headline for the workers?
What is workers will lose their jobs
300
Issuing currency, clearing checks, controlling the money supply, printing money and acting as a bank for the government are all major functions of this system.
What is Federal Reserve System
300
This financial product may pay a dividend?
What is common stock
400
When a worker seeks more education it is know as this type of an investment?
What is an investment in human capital?
400
The field of economics that studies the behavior of the aggregate economy.
What is macroeconomics?
400
According to the business cycle, which phase are people most likely to find a new Job?
What is section B otherwise known as expansion.
400
Banks can borrow from the Federal Reserve Bank at the
What is Discount Rate
400
Small business owners that are concerned about getting sued if someone is injured in their store usually purchase this
What is liability insurance
500
These costs that are passed along to those outside of a market transaction are known as
What are externalities?
500
Its value is determined by the government. The term is derives from the Latin meaning "let it be done", "it shall be"
What is fiat money?
500
This picture explains which economic concept?
What is the Circular Flow?
500
Buying or selling U.S. government securities as a way of regulating the money supply and interest rates
What is Federal Open-Market Operations?
500
People that understand the basics of personal finance and money management are said to be ____________ literate?