Econ Final Exam

Front

 the study of people and the choices they make

Back

Economics

Front

anything that motivate consumers to consume or producers to produce

Back

Incentives

Front

 a unique, nine-digit number that functions as an address for your bank on checks

Back

Routing Number

Front

the value of the next best alternative

Back

Opportunity Cost

Front

Land, Labor, Capital, Entrepreneurship

Back

Factors of Production

Front

 unlimited wants, but limited resources

Back

Scarcity

Front

Investment Retirement Account

Back

IRA

Front

 Bank account used for everyday transactions, does not always earn interest

Back

Checking Account

Front

Comparing the positives and negatives of doing one action over the other, the benefits and negatives of a future decision.

Back

Cost vs. Benefits Analysis

Front

money earned through investing money in the banks or stock market over time

Back

Interest