2. Government and the Economy
Money, Banking, Finance
Government and the Economy
Business and Labor
Economic Performance
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500

3. Medium of exchange, unit of account, and store of value.
What is the uses of money?
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Row 1, Col 1

4. What is social security?
The expense of the government is __________.
What is social security?
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1,2

5. Market Structure where there are few dominant sellers
Market Structure where there are few dominant sellers. Example: Soda Company
What is an Oligopoly?
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1,3

6. The dollar value of all final goods and services.
What is Nominal GDP?
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1,4

7. Type of saving account with minimum balance
Type of saving account with minimum balance. Interest rate is higher than savings
What is Money Market?
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2,1

8. The amount that government spending exceeds government revenue in one year.
What is a deficit?
2,2
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9. What is Sole Proprietorship?
Type of Business that has one owner
What is Sole Proprietorship?
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2,3

10. What is the Business Cycle?
Examples are Expansion, Peak, Contraction, and Trough
What is the Business Cycle?
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2,4

11. Corporation that protects your investments up to $250,000.
What is a FDIC?
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3,1

12. The amount that the government revenue exceeds government spending in one year.
What is surplus?
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3,2

13. A work stoppage in which an employer prevents employees from working.
What is a lockout?
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3,3

14. Real GDP divided by the Population
What is Per Capita GDP?
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3,4

15. What is Investment Risks?
Risks are time, credit, inflation, liquidity.
What is Investment Risks?
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4,1

16. Regulating banks, manages money supply, setting monetary policy.
What is functions of Federal Reserve?
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4,2

17. What is Perfect Competition?
An example of this is Agriculture.
What is Perfect Competition?
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4,3

18. The percent that is the target unemployment rate.
What is 5% or less?
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4,4

19. Issued by the government or corporations to benefit from the company and receiving profit fro them.
What is are Bonds?
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5,1

20. The total amount of money the government owes.
Who is debt?
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5,2

21. Organization where people work to get benefits.
What is Labor Unions?
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5,3

22. Demands of goods and and services are not enough
What is Demand-Push?
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5,4