Extra credit test: 100 pts. Jun 8th 3:15 pm

FINAL EXAM ECONOMICS, 2010 (SHOW WHAT YOU KNOW ABOUT 33 topics)

1.What is the Fundamental Economic Problem?

2.Scarcity

3.Supply

4.Needs vs. Wants

5.Paradox of value

6.Demand

7.Market Economy, Traditional economy, Command economy

8.Economic equity

9.Full employment

10.Econ security

11.Gross Domestic Product and Econ growth

12.Utility

13.Wealth

14.The Role of Education in Income

15.Trade offs, Opportunity Cost

16.Traditional Economies, Command Economies Market Economies

17.Capitalism and Free Enterprise

18.Role of the Government in regulating economy

19.externalized costs,

20.Third world country

21.planned obsolescence,

22.perceived obsolescence

23.Goods

24.Labor-

25.Financial capital

26.Stock

27.S & P

28.NYSE

29.Entrepreneur

30.Sole Proprietorship

31.Corporation

32.Partnership

33.union

34.discrimination,

35.comparable worth

36.minimum wage

37.“Clutter”; breaking through the clutter

38.Name 6 persuasive strategies for advertising

39.THE PERSUADERS explore the idea that Americans are seek an identity buying a brand.

Advertising is more about emotional messages than information. Explain.

Are we being manipulated by THE PERSUADERS? What are their techniques