Trade Barriers, Net Pay, and Opportunity Cost

Trade Barriers, Net Pay, and Opportunity Cost

Assessment

Flashcard

History

12th Grade

Hard

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14 questions

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1.

FLASHCARD QUESTION

Front

What is the definition of Gross Pay?

Back

Before Taxes

2.

FLASHCARD QUESTION

Front

What is Net Pay?

Back

After Taxes

3.

FLASHCARD QUESTION

Front

If a country of Archer put trade barriers on the country of Grayson who will benefit from the trade barriers?

Back

Archer's producers

4.

FLASHCARD QUESTION

Front

When the Federal Reserve increases the federal funds rate what will happen to the money supply and interest rates?

Back

money supply decreases; interest rates increase

5.

FLASHCARD QUESTION

Front

What is another term for Federal funds rate?

Back

Interest Rates

6.

FLASHCARD QUESTION

Front

What does number 2 and 4 Represent? Options: Payment for Goods and Services, Goods and Services, Factors of Production, Product Market

Back

Goods and Services

7.

FLASHCARD QUESTION

Front

What does consumer price index (CPI) measure?

Back

Inflation Rate

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