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Vocabulary Terms
Economy
Business
Finding a Job
Owning a Home
100
The payment made monthly when owning a home
What is a mortgage
100

A system where the government, rather than the free market, determines what goods should be produced, and the price of the good 

What is Command Economy

100

Businesses strive to meet a customer's ____________

What is need or want

100
The process by which employers review and select a candidate
What is an interview
100
The money you pay to the federal government for owning property
What is property tax
200
The money that accumulates on a loan
What is interest
200

An economic system in which traditions, customs, and beliefs shape the goods and services the economy produces

What is traditional economy

200

Revenue minus expense is the term for the money that business makes on each sale

What is profit

200

The money received by an employee from an employer as a salary or wages.

What is income or compensation

200
The individual that shows you homes to ease your home search
What is a real estate agent
300

Someone actively searching for a job but cannot find employment 

What is unemployment rate

300

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of a country's citizens 

What is market economy

300

Free question everyone receives 300 points 

300 points 

300

What form must you fill out on your first day of work to let your employer know your filing status and tax withholding 

What is W-4 form 

300
Gas, water and electric are examples of these features in a home
What is utilities
400

A monetary measure of the value of all final goods and services produced in a period 

What is Gross Domestic Product

400

The production and consumption activities that determine how scarce resources are allocated in an area

What is economy

400

The factor that makes one business better than the other is referred to as the

What is comparative advantage

400

The term used to describe formal systems for the management of people and problems within an organization.

What is HR

400

The process of taking possession of a mortgaged property as a result of failing to make payments on the mortgage

What is foreclosure

500
The United States government corporation providing deposit insurance to depositors in US banks
What is FDIC (Federal Deposit Insurance Corporation)
500

A system of economics based on the private ownership of capital and production inputs, and on the production of goods and services for profit

What is Capitalistic Economy

500

The most basic products of an economic system that consist of  consumable items and tasks performed by individuals.

What is goods and services

500
The highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions
What is Chief Executive Officer
500

The right of a government or its agent to take private property for public use, with payment to the owner of the property

What is eminent domain