• Economics Reading

     
    Girl 


     
     
     
    Final Exam Review Sheet:
     
     Be sure to be familiar with the following terms & names:

    Economics
    Wants vs. Needs
    Capital
    Opportunity Costs
    Production Possibilities Curve
    Scarcity
    Competition
    Economic Systems
    Traditional Economy
    Market Economy
    Command Economy
    Key economic questions
    Specialization
    Business Organizations
    Sole proprietorship
    Partnerships
    Corporations
    Non-profit organizations
    Multi-nationals
    Barter
    Banking – types of banking institutions
    Money - types of money
    Liquidity – liquid assets
    Diversification
    FDIC
    Bonds – corporate – Govt – municipal
    Stocks – common – preferred – growth – income
    Bull & Bear
    The Dow Jones Industrial Average
    Compounding
    Personal financial planning
    Steps to financial planning
    Financial goals
    Supply & demand
    Business Cycle
    Types of credit – open & closed
    Credit Cards & their uses
    Finance charges
    Credit bureau
    Credit Counseling
    Bankruptcy
    Credit Score