Economic systems
Banking terms
Taxation
Economic philosophy
Supply and demand
100
Name a retirement account where your employer does NOT match contributions
What is IRA?
100
What type of tax exists when the more you make the higher of a percentage you pay?
What is progressive?
100
Who is the father of communism?
Who is Karl Marx?
100
What would occur to supply or demand if a million people moved into a town?
What is demand would increase?
200
What type of economic system does the United States have?
What is capitalist system?
200
What is the retirement account where your employer matches your contributions?
What is 401k?
200
What type of tax exists where regardless of the amount you make you pay the same percentage?
What is flat tax?
200
Who believed in tickle-down economics?
Who is Friedman?
200
What would Happen to the supply or demand of peanut butter if the price of jelly went up?
What is demand would decrease?
300
What type of system means the government owns none of the means of production and buyers and sellers comes together to make decisions?
What is capitalism?
300
What do you call a home loan?
What is a mortgage?
300
What type of tax is where you pay a higher percentage the less you make?
What is a regressive tax?
300
Who believed the government should not intervene when the economy is doing poorly?
Who is Smith?
300
What would happen to the supply or demand if workers were willing to take a pay cut?
What is supply would decrease?
400
What type of system means the government owns all or most of the means of production?
What is communist system?
400
What is the account that is like a savings account only you are required to leave your money in the account for a specified amount of time.
What is a CD?
400
What is the tax you pay for owning a building or house?
What is property tax?
400
Philosopher who believed the government should step in when the economy is doing poorly
Who is Keynes?
500
What type of system means the government owns some of the means of production and provides benefits such as education and healthcare?
What is socialism?
500
What is the type of card where you have money taken directly from your checking account?
What is a debit card?
500
What is the tax payed by very large businesses?
What is corporate tax?
500
What is the idea that you have unlimited wants combined with limited resources?
What is scarcity?
500
What would happen to supply or demand right now is everyone expected the price of toy trains to increase tomorrow?
What is supply would decreasse and demand would increase?
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