Which factor MOST directly affects the amount of money borrowers must repay to lenders?

In a market economy, if the price of a good increases, the quantity demanded by consumers and the quantity supplied by producers will change in which of the following ways?

Mary decides to produce and sell apple juice. She leases an apple orchard and plans to bottle the apple juice. Mary hires three employees. What factor of production does Mary represent?

The economic term “scarcity” relates MOST directly to a situation in which

Which role does money have in economic systems?

What MOST often happens when demand for a product is highly elastic?

A recent high school graduate has never searched for a job before. He does not know what he is qualified to do. He turns down a job at a factory, hoping for better-paying work. What kind of unemployment is he experiencing?

Which monetary policy decision is meant to increase the U.S. money supply?

The calculation of a country’s balance of trade involves the value of its

Which statement BEST supports the argument that countries should engage in free trade?

A woman recently took time off from work while recovering from a car accident. Which insurance provided her with financial support while she recovered?

To maximize profits, a bank would charge

Which factor is used to determine a person’s credit worthiness?

Opportunity cost means individuals

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