Economics
Capitalism, free market and individual choice.
What are the 3 elements of a market economy?
Mixed Economy
What economic system is both free and some command?
You have a Trade deficit.
What does it mean when you import more than export?
Taxes
How does the government make money?
Virtues
What are hidden treasures yet to be discovered?
Cash on hand, buildings and labor.
What are examles of a companies capital?
Globalization
What is the growning interdependance of world economies?
Too many goods and services available.
What is a surplus?
A tax on imports.
What is a tariff?
Credit History Companies.
What are Equafax, Experian, and Transunion?
Scarcity
What is the term for hard to find supplies?
Free enterprise.
What economic system has NO government control?
Trade Barriers
What are physical, economic and Quota examples of?
The efficiency of a countries Production.
What is productivity?
Investment Accounts
What is a longterm account that makes you money?
The Bank of the USA.
What is the Fed?
Command
Which economy has lots of government control and little or no individual choice?
Products you bring in to your economy from other countries.
What are imports?
An economic crisis.
What can political instability cause?
Fixed
What are expenses you must pay each month?
Lender of last resort
What role does the Fed play in lending money to banks?
Free Market
What Economic system has no government interfereance?
Products you sell to other countries.
What are exports?
Limits the number on imports.
What is a Quota?
With my good credit I can seek better interest rate.
What does it mean to Negotiate a loan?