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Economy
Systems/ Business
Finance
Government
Misc
100
This class helps to prepare us to become better decision makers.
What is the study of Economics
100
When firms are brought together that are involved in different stages of manufacturing, or marketing.
What is a vertical merger
100
When the price of a bond goes up what happens to the interest rate
What is interest rate goes down
100
When the government makes all the major economic decisions
What is a command economy
100
Workers with knowledge based education and managerial skills are considered
What is professional labor
200
The number one economic problem
What is scarcity
200
An assembly line of production where an individual has a specific role in their job is a characteristic of
What is Division of Labor
200
Principal
What is money that is borrowed
200
Exempt unions from the antitrust laws and gives the government more power over monopolies
What is Clayton Antitrust Act
200
All things you give up for buying a particular object or experience
What is opportunity cost
300
Minimum wage is is an example of a federal law that supports equal pay for equal work.
What is Economic Equity
300
Owners have limited liability for their debt
What is a corporation
300
A pool of stocks a person can purchase into
What is a mutual fund
300
Teachers and non government workers hold what kind of retirement plan
What is 403B
300
What is the worst rating level for bonds
What is junk
400
When the economy is at its full potential it is at its
What is production possibilities frontier
400
When the inactive partner has limited liability for their businesses' debt
What is limited partnership
400
Small ownership in a company
What is stock
400
Money to the Government
What are taxes
400
________ and _________ are counted as part of a nation's wealth
What are goods and services
500
Basic Economic Question
What is 1) what goods and services and , (2) how to produce, (3) for whom to produce, and (4) how much of each to produce
500
IRA is an acronym for
What is an Individual Retirement account
500
Income that does not increase even if prices go up
What is Fixed Income
500
The United States can be described as having a
What is a private enterprise system
500
Manufactured goods needed to produce other goods and services
What are capital goods