Econ Final Review

Economics is the study of

• investing

• making choices with scare resources

• economic structures

• government policy

The "father" of Capitalism is

• Karl Marx

• Ronald Reagan

• Adam Smith

• John Locke

Opening day tickets for the Dodgers next season averge over $900, why?

• supply for Ohtani jerseys are high

• supply of tickets exceed demand

• opening day is like the playoffs

• demand to see Ohtani exceeds the supply of the tickets

opportunity cost is

• The trade off between goods

• sacrifcing the next best alternative

• deciding to sleep in or not

• making a choice

the largest tax on the individual is

• income

• sales

• property

• gas

which retirement account is NOT pre tax ?

• IRA

• 401k

• Roth IRA

• 403b

The US income tax structure is

• progressive

• proportional

• regressive

• socialist

what form shows how much you made and paid in taxes for the previous year?

• w4

• 1099

• w2

• w3

what investment vehicle pays the lowest interest rate?

• Money Market

• CD

• mutual fund

• savings account

deciding to order another taco during taco tuesday is called

• trade off

• marginal thinking

• economics

• the basics