econ
1. Mutual Funds
Q: What is a mutual fund?
A: A pool of money from many investors used to buy stocks, bonds, or other assets.
2. Short Selling
Q: What is short selling?
A: Selling borrowed stock hoping to buy it back later at a lower price.
3. Dividend
Q: What is a dividend?
A: A portion of a company’s profits paid to shareholders.
4. Stock Market
Q: What is the stock market?
A: A place where stocks are bought and sold.
5. Stocks & Stockholders
Q: What is a stockholder?
A: A person who owns shares in a company.
6. Bonds
Q: What is a bond?
A: A loan made by an investor to a government or company.
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Business & Production
7. Productivity
Q: What is productivity?
A: The amount of output produced per worker or hour.
8. Profit
Q: What is profit?
A: Revenue minus costs.
9. Sole Proprietorship
Q: What is a sole proprietorship?
A: A business owned by one person.
10. Partnership
Q: What is a partnership?
A: A business owned by two or more people.
11. Corporation
Q: What is a corporation?
A: A large business owned by shareholders with limited liability.
12. Franchise
Q: What is a franchise?
A: A business using another company’s name and system.
13. Conglomerate
Q: What is a conglomerate?
A: A corporation that owns many different businesses.
14. Merger
Q: What is a merger?
A: When two companies combine into one.
15. Competition
Q: What is competition?
A: Rivalry between businesses for customers.
16. Monopoly
Q: What is a monopoly?
A: A market controlled by one seller.
17. Entrepreneurs
Q: Who are entrepreneurs?
A: People who start and run businesses.
18. Liability
Q: What is liability?
A: Legal responsibility for debts.
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Labor & Wages
19. Automation
Q: What is automation?
A: Using machines/technology to do jobs.
20. Human Capital
Q: What is human capital?
A: Skills, education, and experience workers have.
21. Types of Labor
Q: What are skilled, semi-skilled, and unskilled labor?
A: Levels of training required for jobs.
22. Labor Unions
Q: What is a labor union?
A: An organization that protects workers’ rights.
23. Income/Wages
Q: What are wages?
A: Money earned for work.
24. Real Wages
Q: What are real wages?
A: Wages adjusted for inflation (buying power).
25. Nominal Wages
Q: What are nominal wages?
A: Wages not adjusted for inflation.
26. Wage Determination
Q: How are wages determined?
A: By supply and demand for labor.
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Unions & Worker Actions
27. Strike
Q: What is a strike?
A: Workers refusing to work to demand changes.
28. Boycott
Q: What is a boycott?
A: Refusing to buy products to protest.
29. Picket
Q: What is picketing?
A: Protesting outside a workplace.
30. Lockout
Q: What is a lockout?
A: Employers preventing workers from working.
31. Blacklisting
Q: What is blacklisting?
A: Refusing to hire certain workers.
32. Scabs
Q: What are scabs?
A: Replacement workers during strikes.
33. Right-to-Work Laws
Q: What are right-to-work laws?
A: Laws that prevent mandatory union membership.
34. Collective Bargaining
Q: What is collective bargaining?
A: Negotiation between workers and employers.
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Unemployment & Inequality
35. Unemployment
Q: What is unemployment?
A: When people who want jobs cannot find them.
36. Gender Pay Gap
Q: What is the gender pay gap?
A: Difference in earnings between men and women.
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Essential Questions (Concept Flashcards)
37. Will you be replaced by technology?
A: Some jobs are replaced, but new ones are created; skills matter.
38. How are businesses formed and grow?
A: Through entrepreneurship, investment, and expansion.
39. What does it mean to work?
A: Providing labor in exchange for wages.
40. How do you compete in the labor market?
A: By gaining skills, education, and experience.
41. What factors lead to higher wages?
A: Education, demand for skills, experience, and location.
42. Why do workers organize?
A: To gain better wages, benefits, and conditions.
43. Why is there unemployment?
A: Economic downturns, automation, skill mismatch.
44. Minimum Wage Debate
Q: Should minimum wage increase?
A:
Pro: Reduces poverty
Con: May increase unemployment
45. Income Inequality
Q: Why is there inequality in America?
A: Differences in education, opportunity, and wealth distribution.
46. American Factory Lessons
Q: What does American Factory show?
A: Conflict between workers and management, globalization, and automation.
47. Why is inequality a problem?
A: It limits opportunity and slows economic growth.