sjkfa
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | when a good's price is lower, people will buy more of it
🗑
|
||||
| show | to provide for things that the marketplace does not address
🗑
|
||||
| Cash that banks must keep in the vault. | show 🗑
|
||||
| show | Efficiency
🗑
|
||||
| Which of the following is a good that might not be bought when prices rise? | show 🗑
|
||||
| show | the total benefits to society are greater than the total cost
🗑
|
||||
| A standard renters insurance policy would cover each EXCEPT… A TV and some sneakers, stolen in a robbery A new window when a baseball breaks the original one A week of hotel reservations when the tenant has to move out due to fire damage | show 🗑
|
||||
| show | Liability
🗑
|
||||
| show | the consumer price index
🗑
|
||||
| show | children tend to have the same jobs as their parents did
🗑
|
||||
| What is the opportunity cost of a decision? | show 🗑
|
||||
| show | the government
🗑
|
||||
| An efficient economy is one that ____. | show 🗑
|
||||
| show | factors of production
🗑
|
||||
| Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay? | show 🗑
|
||||
| Explain the concept of compound interest in the context of savings and retirement planning. | show 🗑
|
||||
| Which of the following scenarios would cause the nation’s money supply to INCREASE? | show 🗑
|
||||
| show | show alternative ways to use an economy's resources
🗑
|
||||
| When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached? | show 🗑
|
||||
| What determines the price and quantity produced of most goods? | show 🗑
|
||||
| Any resources that are made by humans and used to create other goods and services are called _____. | show 🗑
|
||||
| show | Inflation is an economic term that describes a general increase in prices 📈 and a fall in the purchasing power of money 📉.
🗑
|
||||
| show | !!!!!Your monthly premium!!!!
A copay of $15 to fill a prescription
A $1000 deductible if you're in an auto accident
🗑
|
||||
| What happens to the money circulation, when the FED orders a "tight" money policy? | show 🗑
|
||||
| When would Congress most likely use contractionary fiscal policy? | show 🗑
|
||||
| What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future? | show 🗑
|
||||
| show | To track and manage expenses, prioritize spending, and achieve financial goals.
🗑
|
||||
| Someone broke into Sam’s car by smashing the passenger window. Which type of auto insurance coverage will help cover the cost to get the window replaced? | show 🗑
|
||||
| show | Annual Percentage Rate, which represents the yearly interest rate charged on outstanding balances
🗑
|
||||
| What is the impact of interest rates on savings accounts? | show 🗑
|
||||
| Which is an example of expansionary fiscal policy? | show 🗑
|
||||
| show | Factors of production
🗑
|
||||
| show | a price increase does not have a significant impact on buying habits
🗑
|
||||
| show | a sandwich shop increases the number of sandwiches they supply every day when the price is increased
🗑
|
||||
| Which of the following is not an example of a public good? shopping malls national parks highways municipal libraries | show 🗑
|
||||
| show | Shortage
🗑
|
||||
| What happens to a market in equilibrium when there is an increase in supply? | show 🗑
|
||||
| On which kinds of goods do governments generally place price ceilings? | show 🗑
|
||||
| hose that are essential but too expensive for some consumers | show 🗑
|
||||
| show | Increase government spending and decrease taxes
🗑
|
||||
| show | All resources are scarce
🗑
|
||||
| show | controlling the money supply.
🗑
|
||||
| show | Labor
🗑
|
||||
| Explain the difference between fixed and variable expenses in a budget. | show 🗑
|
||||
| show | a market demand schedule
🗑
|
||||
| How is future price related to current demand? | show 🗑
|
||||
| show | It affects their ability to access credit, the interest rates they receive, and their overall financial stability.
🗑
|
||||
| During a recession, the Fed should use _____ to help the economy grow and create jobs. | show 🗑
|
||||
| show | it encourages growth
🗑
|
||||
| show | Underutilization
🗑
|
||||
| show | enough workers to finish two jobs because there's a limited supply of worker
🗑
|
||||
| A shift in the demand curve means which of the following? | show 🗑
|
||||
| Contractionary fiscal policy are law aimed at reducing inflation. How might Congress use contractionary fiscal policy? | show 🗑
|
||||
| show | Opportunity Cost
🗑
|
||||
| What is a factory building an example of? | show 🗑
|
||||
| The tools of fiscal policy are... | show 🗑
|
||||
| show | making profits on sales
🗑
|
||||
| Lowering interest rates to stimulate the economy is called: | show 🗑
|
||||
| An example of a shortage is limited amounts of ______. | show 🗑
|
||||
| show | interest rates fall during recessions
🗑
|
||||
| show | deductible
🗑
|
||||
| show | Production possibilities graph
🗑
|
||||
| Frank has an auto policy with a coverage limit of $30,000 and a deductible of $1,000. He gets into an accident and the damages to his car total $6,200. Fortunately, he has collision coverage. How much will Frank need to pay out-of-pocket? | show 🗑
|
||||
| show | needs & goals
🗑
|
||||
| Which policy would help fight inflation? | show 🗑
|
||||
| What is an insurance premium? | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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.
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
vilaboy