The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are:

Shares of stock are also known as:

How does the Federal Deposit Insurance Corporation(FDIC) protect consumers?

How can the Federal Reserve implement expansionary monetary policy?

Which of these can have a negative impact on someone's financial goals?

The Federal Reserve would try to implement an expansionary monetary policy through which measure?

Not being able to have all of the goods and/or services that you want because people have endless wants, but goods and services aren't endless. So people are forced to make choices.

The most highly valued opportunity or alternative forfeited when a choice is made

Courtney’s Hair Palace is a small, locally owned beauty salon in Olean. This represents what type of business?

Sophia is starting her own coffee shop. What economic term would best describe Sophia and what does that term mean?

The social science concerned with how resources are distributed is called

A spending plan is called a

Who is this "Father of Capitalism"?

Maddie is paid $10 an hour and Jeremy is paid $20 an hour. In economic terms, why is Jeremy paid more than Maddie?

Michael went to the Shoe Department last night and purchased a new pair of sandals for $35. Which function of money was exhibited here?

Trade with another person instead of paying with money?

An oven at a bakery is an example of which factor of production?

Not being able to have all of the goods and/or services that you want because people have endless wants, but goods and services aren't endless. So people are forced to make choices.

In a market economy, the opportunity to make a profit for providing a good or service is called

1. A ________________ __________________ ____________________ occurs when the marginal benefits of a choice are greater than the marginal costs.

Individuals own the means of production in a _____________________ economy.

The government owns the means of production in a ________________ economy.

At what price would there be a surplus of this good?

A tax on income to fund the social security benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.

Is the total amount you earn before any deductions are subtracted.

What's a pay period?

If you worked 40 hours per week at $10 per hour, what is your gross income for the week?

What is opportunity cost?

This Economics term refers to the things you use to create goods and services.

When "wants are greater than the resources available to satisfy them," it is called...

A disadvantage of buying a new car is it loses value faster than a used car. This is called

True or False: Buying a new car is always better than buying a used car.

The term __________ refers to a decrease in the value of property as a result of use and age

Three kinds of data that the computer at the reporting agency has are ...

Bonds issued by local governments for improvement projects

Location stockbrokers trade the best stocks in the USA

If you sold stock for a cheaper price than you purchased it for, you experienced...

Higher risk but a chance of higher returns.

Owned by members or employees of a local employer

NCUA provides deposit insurance

Which of the following financial services is best suited for saving money over a period of years?

Which of the following demonstrates price equilibrium? There can be more than one correct answer.

The shorter amount of time you pay on a loan the more interest you will pay.

A blueprint for handling all aspects of your money, such as spending, saving, investing, and establishing credit, is called _____________.

What does the acronym "SMART" stand for in setting financial goals?

The National Credit Union Administration (NCUA) insures accounts in:

A friend asks you to go to the bank to co-sign a loan. Co-signing a loan means

Match this definition to the appropriate word: A technique that reduces risk by allocating investments across various financial instruments, industries, and other categories.

Someone who can tolerate a risky investment would:

What is the word for investing in lots of different types of stocks, bonds, etc?

Name one factor that determines your auto insurance.​ (a)  

A stone hits your windshield. Which type of coverage would likely cover this expense?

Nike, New Balance, and Adidas all produce athletic shoes. In the athletic shoe market, there are many producers, a lot of similar products, few barriers to entry, and firms have only some control over prices. What type of market structure does the athletic shoe industry have?

An oven at a bakery is an example of which factor of production?

As prices increase demand...

Who is the maker of goods?

Who is the purchaser of goods?

What is a simple definition of demand?

Not being able to have all of the goods and/or services that you want because people have endless wants, but goods and services aren't endless. So people are forced to make choices.

Specialization increases productivity because...?

What is the only way to pay no interest on credit card purchases?

A loan that is secured with collateral will generally have a ​ (a)   rate than an unsecured loan.

This type of retirement fund has you put in money that has already been taxed but lets it grow and get taken out tax free when you retire?