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Terms in this set (19)
You should pay your high or low interest credit cards first?
The board of directors of a corporation does or does not makes most decisions about the company's day-to-day affairs.
the board of directors DOES NOT
An increase in exports does or does not decrease aggregate demand.
DOES decrease aggregate demand
Fiat money is or is not money that has value as a good.
fiat money is NOT
are banks are required to keep at least 75 percent of their deposits on hand?
NO banks are not required to keep 75%
Medicaid is or is not a government program that provides health care for the elderly.
NO medicaid is not
National defense is or is not an example of a public good.
National Defense IS
Opponents of income redistribution programs do or do not believe that government assistance encourages self-development.
DO NOT believe
A Japanese manufacturer of electronic equipment probably does or does not prefers to be paid in U.S. dollars.
A Japanese manufacturer DOES
The creation of the World Trade Organization does or does not constitutes the farthest-reaching global trade agreement in history.
The world trade organization does
Factors of production include which of the following?
land, labor, and capital
Economists build economic models
to help analyze the way the world works.
A car used by a messenger service is a type of
Businesses can make decisions about the best use of their resources by analyzing
A major characteristic of a pure market economy is
The word "equity" means
Every purchase decision involves the use of two scarce resources,
income and time.
All of the following are consumer rights except the
right to receive a warranty.
Generic products are those that
have no brand name at all.
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