Econ M2: 2.00 It All Begins With You – Flashcards

One cost of going to work instead of college after graduation is

Who would pay the least as a percentage of income under a regressive tax?

You earn $50,000 per year and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next year. Which amount will you pay in taxes next year?

Julio earns $300 a week working a summer job. The paycheck he deposits in the bank is for $250. Which of these accounts for the difference in amounts?

Which best describes the tax rate for the Top 1%, as compared with the rates paid by the groups labeled Next 10%, Next 5%, and Next 4%?

To earn money on your investments, the rate of return must be higher than the

Marlon wants to save money over a long period of time. He does not need to have easy access to the money and he is worried about losing his investment. He would like to know the interest rate up front. Which of the following options would best suit his needs?

Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which investment options would best suit the needs of both Faisal and Torie?

It would be least expensive to purchase goods with

Maya went shopping. She charged most of her clothing purchases to a credit card. She also used her card to make several small online purchases over the next few months. She only ever makes the minimum payment. After six months, she is surprised by the total amount she still owes. What is the most likely cause?

The chart above compares credit card offers. What is the most significant drawback to Credit Card 1 relative to the other cards?

Your expenses exceed your income. You should cut back your

What should you do if your expenses exceed your income?

Love to Learn Daycare is over budget for 2013. Which is the easiest category in which to cut costs?

Zoe's new job will require her to drive a farther distance. She budgets 10 percent more for gas, for a total of 20 percent for gas in her new budget, but that means she must change what she is willing to spend in other categories. Which of these could represent new values in Zoe's budget?