Personal Finance
FAFSA stands for the _______________ for Student Aid
Free application
spend more for the same amount of a good or service is caused by ________
inflation
When the price of something increases, demand ___________
decreases
These are the most numerous types of business organizations.
Sole Proprietorship
This team has never missed a World Cup qualification, and currently has more World Cup wins than any other country with 5.
Brazil
The principal of a bond, or the total amount borrowed.
Par Value
GDP per capita
Gross Domestic Product on a per person basis.
products related in such a way that an increase in the price of one increases the demand for the other
complements
____________________ is based on a product’s appearance, quality, or design.
non-price competition
This artist was inducted into the Hollywood Walk of Fame in 1980 for his group work, and 1984 for his solo work. They have 13 Grammy's (as well as the Grammy Legend and Lifetime Achievement Awards), 26 American Music Awards (including Artist of the 1980's, and Artist of the Century), 13 number one singles, with over 350 million albums sold worldwide making them one of the most successful artists of all-time. They have been inducted into the Rock and Roll Hall of Fame (twice), Vocal Group Hall of Fame, Songwriters Hall of Fame, and the Dance Hall of Fame (currently the only member from the world of pop/rock and roll).
Michael Jackson
Financial assets are stocks or documents that represent a __________ on the income or property of the borrower.
claim
Societies embrace various economic systems to deal with the fundamental problem of ___________
scarcity
additional revenue generated from the sale of a single unit
Marginal Revenue
A period during which real GDP declines for at least two quarters in a row.
Recession
This man was nominated for 7 Best Actor Academy Awards including 2 wins for On the Waterfront and The Godfather.
Marlon Brando
channels money from savers to investors
Financial Intermediaries
A classless society where everyone works for the common good.
The Communist ideal
the amount at which the demand for an item matches the supply of it
equilibrium quantity
Pure competition is a theoretical ____________________ that requires three conditions: very large numbers, identical products, and freedom of entry and exit.
Market Structure
This Hall of Fame baseball player was selected number one overall in the 1987 draft, was the first person to be elected to the Hall of Fame with 99.3% of the vote, and has won numerous awards including 13 All-Star appearances, 10 Gold Gloves, 7 Silver Sluggers, an MVP in 1997, and is currently 8th all time in extra base hits and 6th all time in home runs.
Ken Griffey Jr.
Shares of a portfolio of securities
mutual fund
These rights allow people to own and control their possessions as they see fit.
Private Property Rights
Concerning the Stages of Productions, when is a firm's rate of hiring likely to be highest?
during a phase of increasing marginal returns
Unintended side effects that either benefit or harm a third party not involved in the activity that caused it
Externalities
This US President lived at a place called the Hermitage
Andrew Jackson