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Fundamental
Microeconomic
Macroeconomic
International
Personal economic
100
A graph that shows the combinations of 2 goods that can be produced in an economy or company given their resources.
What is production possibilities curve
100
Money keeps its value over time
What is store of value
100
The more money you make the more taxes you pay
What is progressive tax
100
Is a limitation on imported goods
What is quotas
100
A bill that does not change monthly
What is fixed expense
200
Price of a good or serve where the quantity supplied is equal to the quantity demanded
What is equilibrium price
200
Money is used to buy goods and services or is accepted as a form of payments
What is medium of exchange
200
People who earn less money pay higher taxes than people who make more
What is regressive tax
200
Imported goods being tax
What is tariffs
200
A bill that does change monthly
What is variable expense
300
Total market value of all final goods produced in a nation over a specific period of time usually a year
What is gross domestic porduct
300
Money used to express the value of goods and services
What is unit of account
300
Everyone pays the same percent tax regardless of income
What is proportional tax
300
Government grant (free$) given to domestic companies
What is subsidy
300
Amount of money that you pay for an insurance policy or coverage
What is premium
400
Used to measure inflation (increase in prices/price level)
What is consumer price index
400
Government spending and taxing decisions
What is fiscal policy
400
Government's policy to attempt to limit imports
What is protectionism
400
Rules being place on imports
What is standards
400
A document detailing the terms and conditions of a contract of insurance
What is policy
500
The actions of the FED or the federal reserve to control the money supply and to stabilize the economy
What is monetary policy
500
Store of value,unit of account and medium of exchange
What is 3 functions of money
500
Progressive, regressive and proportional
What is 3 types of taxes
500
A disagreement between two countries on trading
What is embargo
500

The amount of money that you will have to pay out of pocket before the insurance company covers your claim

What is deductible/Insurance