Show:
Star Wars
Rainbow Bright
The Last Unicorn
Lava Lamps
Disco Balls
100
Private business that investigates a person to determine the risk involved in lending money to that person.
credit bureau
100
When the price of a good becomes to high, consumers look for?
substitutes
100
According to Adam Smith
government should not interfere in the marketplace.
100
Generally, the more substitutes there are for a good, the
more elastic the demand.
100
A laissez-faire system is one in which
government interference in the economy is minimal.
200
Receipt of money to buy goods or services in the present with the promise to pay in the future.
credit
200
The interaction of supply and demand determines the?
equilibrium price
200
Mortgages are offered by all of following EXCEPT?
consumer finance companies
200
The value of the next best alternative that has to be given up for the action that is chosen is the?
opportunity cost
200
Consumers can transfer money electronically from their bank accounts to the bank accounts of stores or restaurants by using?
debit cards
300
Manufactured goods used to make other goods and services.
capital
300
Visa and MasterCard cards are issued by?
the bank
300
Credit cards such as Visa and MasterCard are issued by?
banks
300
Businesses can make decisions about the best use of their resources by analyzing?
production possibilities
300
Some credit companies lure people into signing up by?
offering initial APRs
400
Land, labor, capital, and entrepreneurship.
factors of production
400
In the United States, production decisions are made primarily by?
individual producers
400
According to the law of supply, higher prices prompt producers to?
produce more
400
It is easier to start your own business in a
free enterprise system.
400
If the price of a product is above its equilibrium price, the result is a?
surplus
500
The amount of output that results from a given level of inputs.
productivity
500
A car used by a messenger service is considered a _____________ resource.
capital
500
The principle that states that the more you have of something, the less satisfaction you will get from an additional unit is?
law of diminishing marginal utility
500
Which of the following countries has a command economy?
North Korea
500
Demand for one particular brand of coffee is probably?
elastic