Who Knows?
These are resources that are made by humans and used to create other goods and services.
Capital
The process of specialization has this impact on an economy?
It makes it more efficient.
A mutual fund is an investment in a variety of...
stocks and bonds
Your Federal Insurance Contribution Act (FICA) taxes pay for two federal programs. What are they?
Social Security and Medicare
Who is the Vice President of the United States?
J.D. Vance
The resources used to make ALL goods and services are called...
The factors of production
When a consumer is able and willing to buy a good or service they create what in an economy?
Demand
What part of government controls for the value of money in circulation?
The Federal Reserve Bank
A social welfare program providing benefits to people who meet certain eligibility requirements is called...
an entitlement program
What country offered Trump a brand new luxury airplane to serve as Air Force One?
Qatar
The name for the kind of decision a government makes when choosing to increase spending on its military OR on education.
Guns or butter
What is the effect of import restrictions (tariffs) on prices?
They cause prices to rise.
How does the pay level of men compare to women?
Women earn about 75% of what men earn.
According to Adam Smith, what body part guides prices in a free market?
The invisible hand
What city was Pope Leo XIV born in?
Chicago
If a central government makes all economic decisions then you live in this type of economy.
Centrally planned.
When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?
Equilibrium
Workers that belong to this type of organization usually earn more money for similar work than those workers that do NOT belong to this organization.
A union
Federal spending in what area makes up the largest share of the discretionary budget?
Defense
Who is California's Governor?
Gavin Newsom
What book did Karl Marx co-author with Friedrich Engels?
The Communist Manifesto
Controlling for the value of money in circulation is called...
Monetary Policy
How many stocks make up the Dow Jones Industrial Average?
30
The difference between what the government collects in tax revenue and then spends in any area of the budget is called...
the deficit
What is San Diego's minimum wage?
$17.25 an hour