EOY PFL

The statement "A penny saved is a penny earned" best states the idea of

• opportunity cost

• taxes

• interest

• debt

an entrepreneur is

• natural resources

• tool/equipment

• workers

• the person who brings all factors of production together

Opportunity costs are

• what I buy

• what I don't buy

• what I buy and don't buy

• the lack of resources

in the US, the government does NOT

• set prices

• regulates businesses

• creates laws to protect consumers

• provides funds for communities

in PROGRESSIVE taxes

• tax rate DECREASES as income INCREASES

• tax rate INCREASES as income DECREASES

• tax rate DECREASES as income DECREASES

the FAIREST way to tax a community is through

• progressive taxes

• regressive taxes

• proportional taxes

• all options are correct

Nowadays, economic systems are mostly

• mixed

• capitalist

• socialist

• communist

policies that focus on taxes are called

• fiscal policies

• monetary policies

• employment policies

• income policy

policies that focus on the supply of money are called

• monetary policy

• fiscal policy

• employment policy

• income policy

bad credit can lead to

• bankruptcy

• less satisfying life

• more buying power

• credit application rejections