WorksheetsConceptos Económicos Básicos
Total questions: 12
Worksheet time: 6mins
What is credit?
The amount of money a person spends
A monetary charge for the privilege of borrowing money
An amount of money lent to a person that must be repaid with additional interest
Money set aside for future use
What does interest mean in economic terms?
Use money with the hope of getting more in the future
The monetary charge for the privilege of borrowing money
Products and materials that people want
Actions that people take to gain an economic benefit
What is investment?
The amount of money a person saves for future use
Using money in the hope of getting more in the future by lending to companies in exchange for a share of the profits
Financial assistance from a federal agency to carry out a public purpose
What is savings?
The amount of money a person saves
Setting aside income for future use
A monetary charge for the privilege of borrowing money
Products and materials that people desire
What does spending represent in economic terms?
The amount of money a person spends
The amount of money a person saves
A monetary charge for the privilege of borrowing money
Using money in the hope of getting more in the future
What are assets?
Services that people perform to obtain an economic benefit
Products and materials that people want
A personal and financial risk taken by a person to start a business
Financial assistance from a federal agency to carry out a public purpose
What is free trade?
A personal and financial risk taken by an individual to start a business
Products and materials that people want
Trade between countries that is not restricted by tariffs or other barriers
A tax based on a person's property
What is business risk?
An tax based on a person's property ownership
Products and materials that people want
A personal and financial risk taken by a person to start a business
Trade between countries that is not restricted by tariffs or other barriers
What are personal income taxes?
A tax based on a person's property
A tax based on a person's income; the main source of revenue for Georgia
A tax on most items sold in retail stores
Income of a state used to fund government services
What is property tax?
A tax based on a person's property
A tax based on a person's income
A tax on most items sold in retail stores
State revenues used to fund government services
What is the sales tax?
A tax on most items sold in retail stores; the second largest source of revenue for Georgia
Income tax based on a person's income
Tax based on a person's property
State revenue used to fund government services
What are state revenues?
What are state revenues used for?
A tax on most items sold in retail stores
A tax based on a person's income
State revenues used to fund government services
A tax based on a person's property
