Show:
Economics
Things we learned
Taxes
Definitions
Miscellaneous
100
Macroeconomics is:
What is the study of the behavior of the economy as a whole?
100
What does the acronym REIT Stand for?
What is real estate, investment trust?
100
What is the most important federal taxes?
What is the federal personal income tax?
100
The study of how people allocate their limited resources to satisfy their unlimited wants 
What is economics?
100
What Fraternity is Mr. Washington apart of?
What is Alpha Phi Aplha.
200
How would you define the economic system?
What is the institutional mechanism through which resources are utilized to satisfy human wants?
200
An Asset that can go up in Value
What is real property, collectibles, financial assets, and business assets?
200
Define Proportional Taxation.
What is a tax system in which, regardless of an individual's income, the tax bill comprises exactly the same portion?
200
Things used to produce other things to satisfy people's wants.
What is a resource?
200
How many unexcused absences can a student have before they lose 10% of their overall grade?
What is three?
300
Microeconomics is:
What is the study of decision making undertaken by individuals (or households) and by firms?
300
What is a Mutual Fund?
What is a pool of money people invest in to generate more money/wealth?
300
Name three sources of government funding.
What is fees or user charges, taxes, borrowing?
300
What people would buy if their incomes were unlimited.
What is a want?
300
Who is the Dean of the College of Business?
Who is Dr. Ikem?
400
What is wealth?
Assets Minus Liabilities= Net worth
400
What is the worst asset to have?
What is real property tax?
400
How do you calculate the average tax rate?
What is the total tax payment divided by total income?
400
The assumption that people do not intentionally make decisions that could leave themselves worse off. 
What is Rationality assumption?
400
Who is the Dean's secretary?
Who is Mrs. Danik?
500
Name 6 types of economic systems
What is barter, money, socialism, capitalistic, communism, and mixed?
500
Name some of the apps Mr. Washington told us about.
What is Acorns, Stash, Changed, Robinhood. and any other website or app you can think of?
500
What is the formula for marginal tax rate?
What is marginal tax rate = change in taxes due/ change in taxable income
500
What is anything that could be used for an exchange of payment?
What is money?
500
What is the name of the College of Business?
Who is Charles Smith?