Intro to Business Unit 5 Topic 3 Flashcard Review

Front

Whose decision-making matters the most when you study microeconomics?

Back

the individual

Front

What type of tax did Damion pay on his $200 earnings after paying $23 in taxes? Options: domestic income tax, federal income tax, federal sales tax, domestic sales tax

Back

federal income tax

Front

What does it mean if you make a purchase in the stock market?

Back

It means you own a share, a piece of the company and can profit from the business’ success.

Front

In 2012, Jade bought two shares of a company, worth $25 each. She has been watching the company closely throughout the years as it was growing, but its shares dropped to a value of $22. Since she did not see much change, Jade decided to sell both shares at that price. Which of the following best describes what Jade got from this transaction?

Back

Jade lost $6 of her investment.