Show:
Personal Finance
SUPPLY, DEMAND and Factors of Production
Business, Labor, Government
Capitalism and Free Enterprise
International Trade
100
account where you deposit and spend money frequently
What is a checking account
100
Natural Resources, labor, and Entrepreneurial ideas.... what is missing?
What is Capital
100
role of the government in a mixed economy
What is regulate or regulations
100
Economic system where government can't control the factors of production
What is free enterprise
100
created to establish free trade between US, Canada, and Mexico
What is NAFTA
200
these are set low by the Fed to encourage people to take out loans and stimulate the economy
What are interest rates
200
price and demand move in opposite directions, when price drop demand increases.
What is law of demand
200
government established these to prevent monopolies from forming
What are anti-trust laws
200
economic system where factors of production are owned by the people.
What is capitalism
200
taxes on imported goods to keep domestic prices competitive
What are tariffs
300
these are dangerous if you only pay the minimum balance
What is revolving credit / credit card
300
$50 billion in shoes produced last year in the United States
What is market supply
300
companies producing products in foreign markets and then shipping it back to the US because it is cheaper
What is outsourcing
300
the number one form of business in a Capitalistic economy
What is sole proprietor
300
caused the loss of American Jobs, Nike, Apple and many American companies are doing this to lower costs.
What is outsourcing
400
managing your money, plan for making and spending money
What is a budget
400
this establishes prices in the market
What is supply and demand
400
this is an economic situation where one area or nation can produce more of a product and cheaper than other areas or nations
What is comparative advantage
400
In a free enterprise this ensures consumers get the best products at the lowest prices.
What is competition
400
when exports are greater than imports
What is trade surplus
500
can be measured, businesses use this to determine who to promote or fire
What is productivity
500
The largest labor Union in the US
What is AFL-CIO
500
these are used to create all products and services sold in the US
What are the factors of production
500
used against Russia, Cuba and other nations to punish them for actions against humanity
What are trade sanctions