Kimbriad@Chap20-21
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Disposable Income | money income left after all taxes on it have been paid
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| Discretionary Income | money income left after necessities have been bought and paid for.
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| Consumerism | a movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers.
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| Comparison Shopping | buying strategy to get best buy for the money
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| Warranty | the promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it is faulty
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| Credit | money borrowed to pay for a good or service
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| Annual Percentage Rate (APR) | annual cost of credit expressed as a percentage of the amount borrowed
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| Collateral | property or valuable item serving as security for a loan
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| Bankruptcy | inability to pay debts
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| Interest | the payment people receive when they lend money or allow someone else to use their money
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| Principal | the most important
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| Return | profit earned through investing
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| Stock | ownership share of a corporation
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| Dividend | payment of a portion of a company's earnings
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| Bond | contract to repay borrowed money with interest at a specific time in the future
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| Mutual Fund | pools of money from many people who are invested in a selection of individual stocks and bonds chosen by financial experts
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| Evaluate | to assess or find the value of
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| Demand | the desire, willingness, and ability to buy a good or service
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| Law of Demand | the concept that people are normally willing to buy less of a product if the price is high and more of it if the price is low
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| Market Demand | the total demand of all consumers for a product or service
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| Utility | the amount of satisfaction one gets from a good or service
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| Marginal Utility | additional use that is derived from each unit acquired
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| Substitute | a competing product that consumers can use in place of another
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| Complement | product often used with another product
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| Demand Elasticity | measure of responsiveness relating change in quantity demanded to a change in price
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| Supply | the amount of goods and services that producers are able and willing to sell at various prices during a specified time period
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| Law of Supply | the principle that suppliers will normally offer more for sale at higher prices and less at lower prices
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| Profit | the money a business receive for its products or services over and above its costs
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| Market Supply | the total of all the supply schedules of all the businesses that provide the same good or service
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| Subsidy | a government payment to an individual, business, or group in exchange for certain actions
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| Supply Elasticity | responsiveness of quantity supplied to a change in price
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| Equilibrium Price | the price at which the amount producers are willing to supply is equal to the amount consumers are willing to buy
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| Price Ceiling | maximum price that can be charged for goods and services, set by the government
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| Price Floor | minimum price that can be charged for goods and services, set by the government
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
kpd5373
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