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Taxation
Banking terms
Regulation
Businesses
Misc.
100
What is the type of tax we pay when we buy items or pay for a service?
What is sales tax?
100
What is the name of the card that allows people to spend money they do not have through borrowing?
What is a credit card?
100
What are laws that protect consumers from defective products?
What are lemon laws?
100
What is the term when only one producer or company can make or produce an item?
What is a monopoly?
100
What is it called when you are considering the next best alternative- what you could have bought or done but did not?
What is opportunity cost?
200
What is the type of tax paid when someone dies and knaves you money or property?
What is an inheritance tax?
200
What is the name of a retirement account where you employer does NOT match your contributions?
What is an IRA?
200
What is it called when you are drawn into a store expecting one item but the store tries to sell you a different item?
What is bait and switch?
200
What is a business called that is only owned by one person?
What is a sole proprietorship?
200
What are the three basic economic questions?
What is how to produce, what to produce, and for whom to produce?
300
What is the type of tax you pay out of your income when you have a job?
What is federal income tax?
300
What is money called that has value because of what it is made of?
What is commodity money?
300
What is it called when the government prevents certain hypes of businesses from being in certain areas?
What is zoning?
300
A business owned by more than one person
What is a partnership?
300
The four factors are consumption, government spending, net exports, and gross private invesment
What is GDP?
400
What is the type of tax you pay when you sale off an asset or stock?
What is a capital gains tax?
400
What is the type of money that has no value in and of itself.
What is fiat money?
400
What is it called when the government limits the number you can buy of a certain item?
What is quantity control?
400
What is the name of a business that sells stocks to many people who own portions of the company?
What is corporation?
400
Who controls monetary policy?
What is the federal reserve board?
500
What is the type of tax paid on imported goods?
What is a tariff?
500
What is money that has something backing it that has value (like gold)?
What is representative money?
500
What is it called when the government pays a person not to grow or produce an item?
What are subdies?
500
An industry where only a few people own the means of production
What is an oligopoly?
500
Who controls fiscal policy?
What is Congress?