Market structure
What is a monopoly?
market that has a single supplier of a good or service
Why do nations trade?
to get what they lack at home and allows for us to purchase more
What is gross pay?
What employees earn before taxes,benefits and other payroll deductions are withheld from wages.
What is a stock?
A share of a company's assets
How many types of insurance is there?
Life,health,dental,vision,and disability
What are the 3 types of monopolies ?
Natural,Technological,and Government Monopolies
What are imports?
Items coming into a country
What are the names of the 2 tax forms?
W-4 and W-2 tax form
What is a bond?
Will receive interest and a fixed amount at the maturity rate.
What is insurance?
Transfers the risk from an individual to the insurance organization.
How does a monopoly form?
No close substitutes for available goods and Entering the market
What are exports?
items used for trade or going out of a country
What is federal income tax?
Taxes paid to the federal government
What is a short selling stock?
An investment or trading strategy that speculates on the decline in a stock
What is a deductible?
The amount that you pay before your insurance plans to pay
What is a oligopoly?
Exists when there are a few producers that dominate a market place
what is a tariff?
A tax placed on an import to increase it's value
What is state income tax?
Taxes paid to state government
What is mutual funds?
Divided into several categories including stocks,bonds,or other securities.
What is coinsurance?
Percentage of cost you pay after you've met your deductible
What are some examples of monopolistic competition?
Restaurants,hairdressers,clothing and TV programs
Why are claim tariffs and quotas good?
Aid national defense,protect infant industries,protect domestic lobs and promote national trade.
What is net income?
This is income after tax
How do you make money from stocks
Sell when value is high,which known as a capital gain
What is copay?
Set rate you pay for prescriptions,doctor visits,and other types of care.