Econ BOY

When a state agrees to lower a tax rate for one corporation so that the corporation builds a plant or factory in that state, it is an example of _____.

• Socialism
• Monopoly
• Incentive
• Collusion

What does the Rule of 72 help determine?

• How much money you will have after 72 days
• How long it will take to double your investment
• Your monthly payments for a home or automobile
• The difference between 72 different credit cards

Anything of value such as property, money, and belongings

• Credit
• Debt
• Asset
• Income

A short term loan to the government with an expected term length and rate of return

• Stock
• Bond
• Income
• Tax

The amount of money you earn before taxes

• Gross
• Net
• Interest
• Taxes

A share or portion of ownership in a company

• Asset
• Stock
• IRA
• Dividend

Federal money awarded to college-bound students; based on financial need

• Pell Grant
• Stafford Loan
• IRA
• Dividend

The operation or planning of economic and foreign policy on a global basis is known as

• Trade
• Market Structure
• Globalism
• Tariffs

Money earned on an investment or paid to a lender for the use of a loan

• Principal
• Interest
• Credit
• Debt

Which is NOT a Factor of Production?

• Land
• Labor
• Resources
• Entrepreneurship