The four factors of production include: __________, __________, ____________, and ____________.

When representatives of both union and management meet to discuss goals, offer solutions and compromises, and work toward a contract settlement, the two sides are engaging in which of the following?

While at the grocery store, you have to choose between a bag of chips or a box of cookies. You choose the box of cookies. By making that choice, you have lost the option for a salty snack. The loss of a salty snack is the economic sacrifice known as the ________________________.

Interest rates are the cost of borrowing ________________________.

The rise in the overall level of prices over time is called ____________________ .

The _______________ _______________ describes the percentage of people looking for full time employment but cannot find jobs.

__________________ means to buy goods from another country while export means to sell goods to another _________________ .

is when an employee is working for at least 30 hours a week, or 130 hours per month.

When an employee works less than 30 hours per week, less than 130 hours per month the employee is working _______________ _______________.

Federal insurance program workers pay into until they retire or are no longer able to work is _______________ _______________.

If someone receives assets passed down after someone dies it is called _______________.

Taxes on the sale of goods and services are called _______________ _______________.

The document that your employer sends to you and the IRS at the end of the year that reports your wages and amount of taxes withheld from your paycheck is called _______ _______ _______.

Percentage of money withheld from your paycheck by your employer who then pays it to the government for you. In the US, this is _____________.

Reductions to your income in terms of how it counts for taxes are called ____________________.

Taxes paid on property owned are called ________________ ____________________.

The amount of money needed to cover basics such as housing, food, taxes, and healthcare is called ____________ ____ _________.

A ____________________ is the best estimate of revenue and expenditures to help guide financial choices in a future period of time.

Owning a share of a business with the expectation that you will get a higher return. Examples include stocks, bonds, and real estate. Better returns than savings, but more risk is called _____________.

is the amount of money you have left over after you list your assets and subtract your debt.

______________ is a financial protection from life events that could be devastating financially for a person without coverage.

A legal document that determines what happens with a person’s assets when they die is called a _____________.

A ______________ is a person who will benefit financially from an insurance policy payout.

A profession that someone feels passionate about that they participate in for a long time in their life span. Typically involving more education or training is called a ________________.

The income a person has left after all taxes have been paid. This is used to buy necessities called ____________ _____________.