Fundamentals
Micro
Macro
Personal Finance
Misc....
100
The most desirable alternative given up when making a choice
What is Opportunity Cost
100
Farming Agriculture is an example of what market structure
What is Perfect (Pure) Competition
100
Unemployment due to changes in the business cycle
What is cyclical unemployment
100
Banks require this to reduce the risk of the loan
What is collateral
100
What are the 3 Business Organizations
What is Sole Proprietorship, Partnership, and Corporation
200
What are the 4 Economic Systems
What is Command, Market, Mixed, and Traditional
200
Market structure you prefer due to the may features, product differentiation
What is Monopolistic Competition
200
Overall decrease in the Price of goods and services
What is deflation
200
When you own a Home, the type of Insurance you will need
What is Property Insurance/Home Owners insurance
200
This model shows the Interaction of Households, Firms, and Government.
What is the Circular Flow Model
300
Limited resources to meet unlimited wants
What is Scarcity
300
A price Ceiling will create what scenario when demand exceeds supply
What is a Shortage
300
2 consecutive quarters of negative/declining GDP as a percentage is
What is a Recession
300
If you take money out of a Certificate of Deposit, you will pay this
What is a Penalty
300
What is a Determinate of Supply
What is Technology, Inputs, Number of Sellers, Government Actions
400
What are the 3 Economic Questions
What is What, how, and for Whom to Produce
400
Price of related goods, substitutes and compliments are
What is a determinate of demand
400
What are the 4 phases of the business cycle
What is expansion, peak, contraction, trough
400
The ability to repay a Loan, One of the 3 C's
What is Capacity
400
When the Benefits equal or exceed the Costs
What is a Rational Decision
500
What are the 4 Factors of Production
What is Land, Labor, Capital, and Entrepreneurship
500
Number of curves you will see when there is change in Demand
What is at least 2
500
Measures Inflation
What is CPI
500
Protects you from Financial Loss
What is Insurance
500
What is the cost of Insurance
What is Premium
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