Computers and software are examples of _________________goods. (#13)
What is Complimentary
100
What study helps us all to become more informed citizens and better decision makers? #18)
What is Economics
100
Beef and Pork are ______________because they can be used in place of each other (#12)
What is a substitute
100
__________serve as signals to both producers and consumers (#3)
What is Price
100
When labor and management ask a third party to collect info about a dispute and present non-binding recommendations, they are using...#125
What is fact-finding
200
A price_________is the maximum legal price that can be charged for a product (#17)
What is ceiling
200
What do we call the study that shows how people try to satisfy neds and wants through the use of limited resources (#36)
What is Economics
200
What do we call paper currency backed by silver dollars or bullion? (#23)
What is a silver certificate
200
What do we call it when you hold a large # of stocks so that increases in one will offset unexpected declines in others. (#32)
What is PORTFOLIO DIVERSIFICATION
200
Workers with knowledge-based education skills are ...#131
What are professional labor
300
What do we call a non-profit depository institution owned by its members (#26)
What is a Credit Union
300
What do we call the set of assumptions and/or relationships that can be used to help analyse behavior and predict outcomes? (#62)
What is Economic Model
300
What is the name of a popular benchmark of stock performances that uses the price changes of 500 representative stocks as an indicator of overall performance.
What is the S&P 500
300
What do we call the process of creating goods and services? (#41)
What is production
300
Money that has an alternative use as an economic good is...#133
What is commodity money
400
What do we call the tools, equipment, machinery, and factories used in the production of goods and services? (#37)
What is Capital
400
What do we call a price that produces neither a surplus or a shortage (#66)
What is equilibrium price
400
What do we call a condition of not having enough resources to produce all the things people want. (#37)
What is scarcity
400
What do we call the monetary value of a product? (#67)
What is price
400
An increase in the price of milk causes a decrease in the demand for cereal..the two are....#142
What are compliments
500
What do we call the process of using up goods and services to satisfy wants or needs? (#43)
What is Consumption
500
Consumers' willingness to replace a costly item with a less costly item is an example of the substitution__________ (#144)
What is effect
500
What do we call work that is performed for someone (#45)
What is a service
500
What do we call a regular payment made to retired workers (#86)
What is a pension
500
Most stocks in the U.S. are traded on the .....(#143)