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Sport & Recreation
on 24 Nov 13
(62% of success)
20 questions - 13 players
Learn about how the world works on the money side of things, and test your knowledge at the same time!
What is a proposal that involves one of the parties offering something of value to the other party in an agreement?
What is a legally enforceable agreement between two or more parties?
Competition usually will ______ .
Not Affect supply
Prices rise when there are ______ of goods and services.
How is called an estimate of future cash, receipts and payments over a period of time?
What is the study of how individuals and societies satisfy their unlimited wants with limited resources?
Factors of Production
What factors cause a change in supply?
Number of producers
Input costs & Government Action
All of the Above
All of the following are factors of production except...
True or False : The law of demand states that when the price of a good or service rises, consumers by more of it.
Depends on the brand ONLY
How much interest does the bank charge you for a credit card?
What does ATM stand for?
Alien Time Machine
At The Moment
Automated Teller Machine
What does EFTPOS mean?
Electronic Funds Transfer at Point Of Sale
Electronic Funds Transport at Position Of Sale
Email Function Types Of Personal Safety
What is unconscionable conduct?
A fair contract
An unfair contract
A kind of warranty
Who are the ACCC?
Australian Competition Consumer and Consumer and Commission
Acts in Court Concerning Consumers
Australian Country Capital Canberra
When does market failure occur?
When consumers don't buy a product.
When the suppliers don't have enough goods.
When there is no true competition between companies.
What is the economic problem?
When no one can afford a product.
When exchange rates are too high with too many countries.
When people can't satisfy all their needs and wants.
What is a wage?
A fixed income that is received every year
A flexible income received weekly or fortnightly
The minimum income companies hve to pay employees
What is a contract?
A legal agreement between two parties or more
A kind of payment
An extended warranty
What is the Foreign Exchange Market more commonly known as?
F. e. m
A person who uses money to purchase goods or services is a...
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