McSorley III
Quiz by Rachel Murat
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25 questions
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- Q1the principle that everyone has the same legal rightslegal equality30s
- Q2what to producefirst economic question30s
- Q3how to produce itsecond economic question30s
- Q4for whom to produce itthird economic question30s
- Q5the act of buyers and sellers freely and willingly engaging in market transactionsvoluntary exchange30s
- Q6consumers buy more of a good when its price decreases and less when its price increaseslaw of demand30s
- Q7producers are willing and able to sell more of the product at each priceincrease in supply30s
- Q8producers are willing and able to sell less of the product at each pricedecrease in supply30s
- Q9allows individuals to direct pretax income towards investments that can grow tax-deferred; no capital gains or dividend income is taxed until it is withdrawn.IRA30s
- Q10a retirement plan that is funded at least in part by an employerPension Plan30s
- Q11plan for employees to make salary deductions on taxes401k30s
- Q12plan for state employees to make salary deductions on taxes403B30s
- Q13Tendency of suppliers to offer more of a good at a higher pricelaw of supply30s
- Q14a function of money that enables people to make exchanges more easily with one anothermedium of exchange30s
- Q15attached to your banking account; no monthly balance or interest chargeddebit card30s