Economics
Which stock exchange is considered the largest in the United States?
The New York Stock Exchange
What is capital gains tax?
The tax paid on the sales of non-inventory goods
What franchise started a cultural revolution for quick, mass produced food in 1961s?
McDonalds
What is the pay you earn for working called?
A salary
What is an infant industry?
A young/developing industry
What is shorting/short selling?
The process of selling borrowed stock that must be regiven to the original
What did Henry Ford contribute to make a more efficient product production process?
The assembly line
What is the general increase in goods and services called?
Inflation
What is the effect of import restrictions on prices?
They cause prices to rise
What is a limit order?
An order that buys a stock at a specific price or better
What economist theorized that government spending should increase during a slow economy and decrease and pay off debt during a good economy?
John Maynard Keynes
What is a standard deduction?
A dollar amount that non-itemizers can subtract from their income to reduce their taxable income
What determines how a change in prices will affect total revenue for a company?
Elasticity of demand
What is Cumulative Preferred Stock?
Preferred Stock that requires unpaid dividends to be paid first
In 1909, Leo Baekeland introduced the invention of Bakelite. What form of substance evolved from this?
Plastic
How much if your disposable income is recommended to be saved each paying period by most experts?
10%
Which treaty was written to eliminate trade barriers between Canada, Mexico, and the US?
NAFTA
What is Arbitrage?
A process of simultaneously buying and selling the same stocks
What chairman from the Federal Reserve raised interest rates and lowered inflation in 1979?
Paul Volcker
What is the Ponzi scheme?
A form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors