When employees are getting in each other's way, the firm is operating in?
Stage II of production.
The sum of fixed and variable costs is known as?
Total Cost
Rent payments and property taxes would be counted as this.
Fixed Cost
Division of labor is a characteristic of
Assembly line production
The study of economics is important because it enables us to?
become better decision-makers
Many businesses are engaging in e-commerce because?
Fixed costs are minimal
When a customer's need for a product is not urgent, demand tends to be?
Elastic
Mr. Saracino's team
Miami Dolphins
This credit card can help you earn credit while doing minimal damage as long you make the payment at the end of the month.
Gas station card
Manufactured goods needed to produce other goods and services are called?
capital goods
Because a modest price increase has little or no effect, the demand for the product is?
Inelastic
Luke Skywalker's call sign in the original Star Wars (A New Hope).
Red Five
An item used in conjunction with other goods are these?
Complements
The dollar value of all final goods and services and the most comprehensive measure of a country's total production output is?
For most products and services, increased price results in this?
demand for fewer products
Advertising, fashion trends, and new product introductions serve to do this?
create/increase consumer demand
A court-granted permission to an individual or business to cease or delay debt payments.
Bankruptcy
No monthly fees, solid overdraft policies, good interest rates, extensive ATM networks, and online banking are all part of this.
Things a college student should look for in a bank
What is the fundamental problem of economics?
Scarcity
For something to have value, it must this?
Utility
A sole proprietorship is?
The most common form of business organization in the United States
The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
Opportumity Cost
Ease of raising financial capital is this?
The main strength of the corporate form of business organization.
Consumers' willingness to replace a costly item with a less costly item is an example of?
the substitution effect
Increasing returns, diminishing returns, negative returns
The order that the three stages of production occur.
This demonstrates the relationship between a nation's investment in defense and civilian goods.
Guns or Butter
Under the 50/30/20 rule, how do you figure out how much should go in your emergency fund?
All of your needs and a few of your wants (monthly) times 6-12 months.
Alternative choices are known as?
Trade-offs
Flag of the Northern house in Game of Thrones?
House Stark
Pay bills on time, keep your balances manageable (below 50% of limit), pay more than minimum payment amount if not total balance, only apply for new accounts when needed, and don't apply for multiple new accounts in a short period of time.
Ways to improve your credit score
These allow consumers to instantly borrow money from a lending institution to purchase products without cash and to pay them later with interest.
Credit Cards
The amount an individual earns after subtracting taxes and other deductions.
Net income
This is a measure of how well you have handled money you've borrowed (credit). A point value of creditworthiness.
Credit Score
The practice of holding a large number of different stocks so that increases in some can offset unexpected declines in others—is a popular strategy.
Portfolio diversification
The right to sell a share of stock at a specified price in the future is this?
Put option
A workplace retirement account that's offered as an employee benefit that allows you to contribute a portion of your pre-tax paycheck to tax-deferred investments. A tax shelter.
401K
The situation in which some necessities have little value while some non-necessities have a much higher value is known as?
the paradox of value.
The quality of life based on the possession of the necessities and luxuries that make life easier.
Standard of Living
The argument that stocks are always priced about right and that bargains are hard to find because they are followed closely by so many investors is known as?
The Efficient Market Hypothesis
Purchasing power, convenience, and emergency funds are all this.
Advantages of Credit
The most popular and widely publicized measure of stock market performance on the NYSE is?
The Dow-Jones Industrial Average (DJIA)
Payment history, the total amount you owe, length of your credit history, credit inquires, and types of credit in use.
Make up your credit score.
Two ways your parents can help you establish credit are?
Making you an authorized user on a card, and/or cosigning for you to establish credit.
Convenience, safety, purchase protection, rewards, and history of purchases are all part of this.
Advantages of a Credit Card
This retirement account allows you to contribute a portion of your income to your own retirement account if you're self-employed and have no employees.
SEP IRA