Capitalism is an example of a planned economy.

Capitalism is characterized by which of the following?

Gift economies consist of situations were goods and services are exchanged without an expected or immediate return.

In a capitalist system, what are the goods and tools that are used to make products?

In a pure market economy, the government controls most actions.

In the United States, which agency oversees workplace safety and ensures that businesses comply with safety and health regulations to protect workers and consumers?

Market economies operate on the principle of supply and demand.

Privately owned businesses are common in which type of economy?

The phrase laissez-faire means which of the following?

What are companies that have complete control over a particular product or industry?

What are taxes that are levied on imports and/or exports?

What is the main characteristic of a laissez-faire economy?

Which of the following is NOT a characteristic of market economies?

A balanced economy generally has which economic stance?

An economy where more money is being collected than is being allocated or spent is known as what type of economic stance?

A share of ownership in a company is known as which of the following?

Entrepreneurial ability refers to the human resource of finding resources, making business decisions, and creating new products.

Which of the following is NOT a way that the government collects revenue?

In economic terms, marginal is another word for which of the following?

Stock market crashes have relatively little effect on the overall economy.

Stock market crashes have relatively little effect on the overall economy.

The most common way for a government to raise money is through the collection of taxes.

The New York Stock Exchange is an example of what type of stock market?

What is a sort of auction for stocks in which traders verbally submit their offers?

What is one economic principle?

What is the governmental allocation and collection of money within the state?

Which of the following is an economic resource?

Why do most companies sell shares of stock?

About what percentage of lottery winners end up with financial troubles?

A family’s resources are unlimited.

Interest rate risks would be most relevant to what purchase?

Shared decision making is always a positive strategy to take.

The rise or fall in the price of an item is an example of which of the following?

What is a disadvantage of shared decision making?

What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?

What is an example of an inflation risk?

What is NOT one of the three primary resources that families have to reach financial goals?

What is the final step in personal financial planning?

401k accounts are those that are partially funded by employers using a portion of wages before tax.

401k accounts are what type of accounts?

Accounts in non-depository institutions are almost always insured by the government.

An example of a nondepository financial institution is which of the following?

Brokerage firms make their profits primarily in which of the following ways?

Commercial banks are funded through which of the following?

How many government agencies does the United Kingdom have to oversee the financial industry?

Mutual fund companies are what type of companies?

Mutual savings institutions are owned by who?

Savings and loans institutions put about 70 percent of their money into which of the following?

The FDIC in the United States insures some financial accounts up to what amount?

What is the end of the CD account time when the money can be withdrawn?

What is true about certificates of deposit?

Who would be eligible for a 403b account?

About how many tax returns are selected by the IRS for audits each year?

All sources of income is also known as which of the following?

Estate taxes are taxes on a person’s estate when that person dies.

Estimated payments are often used by individuals who are self-employed, have investments, or other income where employer withholding is not offered.

In a progressive tax system, who pays a greater proportion of their income in taxes?

In the United States, federal taxes are due on which day?

In the United States, it is possible for someone to give a gift up to how much money per year to another person without that money being taxed?

In the United States, if someone is unable to file by the tax deadline, they can file an extension, but any taxes due must still be paid by the deadline to avoid penalties.

Jane is not married and has no children. She is 35 and owns her own home. Under which status is she most likely to file?

The United States has a regressive tax system.

What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?

Which agency collects taxes in the United States?

Which form details how much money an employer has already withheld for taxes?

Which of the following is NOT included when calculating gross income?

Which of these is a common tax form in the United States?

Which type of audit occurs at your home or business?

Your adjusted gross income is your gross income minus specific deductions.