Economics
Final Review Sheet
Key
Terms and Ideas
inelastic law of demand inferior good elastic complement
substitute ceteris
paribus market
surplus
Factors
of production shortage bank run entrepreneur
Broker Bear Market Exempt Regressive tax
FICA Bull Market Gross
Pay Net
Pay
Price
of Inputs Fixed Cost Human Capital Supply
curve
Demand
Curve Property taxes Income
Tax Sales tax
Excise
Tax S&P
500 Compliments Traditional
Mixed Command Social Security Types
of Bonds
Budgeting-
Auto Loan, Mortgage, Rent, Types of Insurance, Spousal Support, Child Support,
Utilities
Taxes-
tax brackets, evasion, types of taxes, tax forms, and deductions
Money/Banking-
Types of money, Loans, FDIC, Mortgage, Checking
