Unit Test — Unit test Answers

Increased unemployment can be a result of __________.

The supply in a given market can be shown through the use of the supply __________.

Credit unions use their excess earnings to __________.

An important role of government in the economy is __________.

In a market economy __________ and __________ answer the three economic questions.

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If a credit card balance is not paid in full within the grace period then the customer will receive a __________.

A loan in which the borrower pledges a car that may be sold if the loan is not repaid is __________.

In a factor market, firms deliver payments in all of the following forms EXCEPT:

Reducing taxes increases the amount of money in the economy because __________.

Banks make a profit from interest __________.

Factors that can cause supply to increase or decrease are called supply __________.

Government programs in which money is taken from one group and given to another are called __________.

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Demand is the __________ and __________ to buy a given good or service.