All of the things people must have to live. (Food, Shelter, Clothing)
What is Needs
100
The rapid rise of prices.
What is Inflation
100
Gross Domestic Product
What is GDP
100
Money paid on a "per hour" basis.
What are wages
200
Labor, Capital, Natural Resources, and Entrepreneurship
What is The 4 Basic Factors of Production
200
The amount paid to a lender in exchange for that lenders money
What is Interest Rates
200
an action or policy favoring those who tend to suffer from discrimination, especially in relation to employment or education; positive discrimination.
What is Affirmative Action
200
The three major institutions that tell investors how well the stock market is doing overall.
What are the Dow Jones Industrial, the NASDAQ, and the S&P 500
300
Gold is in low supply but high demand.
What is Scarce
300
Using your money to buy a wide range of stocks through an investment group.
What are Mutual Funds
300
Country A is better able to manufacture computers than country B because of its superior technology. In this scenario, country A has a _______ over county B.
What is a comparative advantage
300
The money you let the government borrow.
What are bonds
400
An economy where the government controls all prices and means of production. Developed by Karl Marx.
What is a Command Economy
400
Can engage in collective bargaining or strikes while corporations use a lockout.
What are Labor Unions
400
A market in a long term decline.
What is a Bear market
400
The top ranking lawyer in the state.
What is the Attorney General
500
As you add more and more of a variable input to a fixed input your output can actually decrease.
What is The Law of Diminishing Returns
500
Prohibited by the U.S. Government through Anti-Trust Laws.
What is a Monopoly
500
The 15th, 19th, and 26th Amendments collectively grant the everyone
What is the right to vote
500
Says that companies must disclose all financial information to you... That means if you call about your account then companies must be honest with you.
What is the Securities and Exchange Commission (SEC)