Economics
Engaging in activities aimed at influencing public officials, especially legislators, and the policies they enact.
Lobbying
ny agreement enforceable by law
Contract
When banks have lots of funds available for lending, what tends to happen to interest rates?
Rates decrease
Does self-esteem enhancement influence a fan's decision to attend or watch a game (i.e. they are rewarded with a sense of accomplishment when their team performs well)?
Yes
AI stands for...
Artificial Intelligence
Idea that government should play as small a role as possible in economic affairs.
Laissez-faire
The person named in an insurance policy to receive the proceeds of the policy
Beneficiary
What happens if a mortgage contingency is in effect and the buyer cannot meet the terms of the agreement due to the inability to obtain a loan?
The agreement is terminated
To prove negligence, does a plaintiff have to prove injury?
No
Name 3 AI bots
1. ChatGPT
2. Google Gemini
3. Deepseek AI
4. Microsoft AI
ETC.
Wrote "The General Theory of Employment, Interest and Money" in 1936. Most famed economist ever. Argued that a gold backed system wasn't worthwhile. Created a new monetary standard during WWII era.
John Maynard Keynes
When one party to a contract fails to perform the duties spelled out by the contract
Breach of Contract
Which type of contract involves an exchange of consideration between two parties?
Bilateral, double payment, dual contract, Unilateral
Bilateral
What does Title IX require universities to do?
Pay athletes since they do not have time to work at a job
How many digital prompts are on chapt GTP daily?
1-2 Billion, 2-3 Billion, 3-4 Billion, 4-5 Billion
2.5 Billion
A market structure in which a few large firms dominate a market
Oligopoly
A statement in Article I of the Constitution giving Congress the power to regulate commerce among the states
Commerce Clause
What's the term for a contract for which one or more terms have yet to be completed?
Terminated, Executory, Incomplete, Open
Executory
What is a legal protection of words and symbols used by a company?
Copyright, royalty, Trademark, Logo
Trademark
What percent of devices have some form of AI?
23%, 77%, 86%, 99%
77%
An economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver and by selling more goods than they bought
Mercantilism
The act of destroying somebody's free will by force, threat of force, or bodily harm
Duress
Which laws prevent real estate licensees from setting a standard rate for commissions or compensation?
Anti-trust laws
Revenue earned by the NFL is shared among how many member teams?
32
What is AI most used for in business?
Customer Service, Cybersecurity, Inventory Manangement, or Digital Personal Assistants
Customer Service - 56%