Which factor is used to determine a person’s credit worthiness?

Opportunity cost means individuals

A local grocery store has decided to charge customers for bags. Which statement describes how customers will MOST LIKELY respond to this change?

Which of these describes a characteristic of a monopoly?

In the U.S. economy, a few firms dominate the wireless telephone provider industry. Which type of market structure does this represent?

Juanita and Sarah made 100 T-shirts with a picture for their school to celebrate a championship. They initially sold the T-shirts for $5 each. The T-shirts began selling quickly. Juanita and Sarah realized that $5 a shirt would not cover their costs, so they raised the price to $8 a shirt. As a result, sales declined and they had 20 unsold T-shirts at the end of the year. Which term BEST describes what happened when Juanita and Sarah raised the price of the T-shirts?

What benefit do households provide for businesses?

Which statement BEST describes the role of the government in a mixed economic system?

If the Federal Reserve wanted to stimulate the U.S. economy and reduce unemployment, it would

If the U.S. government disagrees with a foreign country’s politics and wants to prevent trading with that country, the MOST effective action the U.S. government can take is to A. place high tariffs on all goods from that country. B. place an embargo on all goods from that country. C. enforce safety standards on all goods from that country. D. enforce a quota on all goods shipped from that country.

Which definition BEST describes the term balance of trade? A. the difference between a country’s exchange rate and the value of a country’s imports B. the value of a country’s goods and services that are exported divided by its per capita income C. the difference between the yearly value of a country’s exports and the yearly value of goods it produces D. the value of a country’s exported goods and services minus the value of goods and services a country imports

What is the MOST LIKELY result of an increase in the value of the U.S. dollar against the Chinese currency? A. U.S. workers in the United States would benefit. B. Chinese importers of U.S. goods would benefit. C. U.S. consumers of Chinese goods would benefit. D. Chinese consumers of Chinese goods would benefit.

Fifteen-year-old Calvin has inherited $3,000 from an aunt. He wants to invest in an option that has a very low risk but still increases the amount of money. He doesn’t plan to access the money until he attends college in two years. Based on Calvin’s requirements, in which option would he MOST LIKELY invest? A. precious metals B. corporate stocks C. a savings account D. a certificate of deposit

A bank charges 6% interest on personal loans and pays 3% interest on individual savings accounts. Why is there a difference in the two amounts of interest? A. The bank wants to make a profit. B. The government regulates interest rates. C. The bank wants to encourage people to save. D. The government allows a system of credit buying.