Download Key Vocabulary List

Module 2 – Personal and Family Finance
Fill in the Blanks
2.01
1. In economic terms, marginal is another word for __________.
2.02
2. Four categories of limited economic resources are _________, __________, _________, and
______________.
3. When talking about economic resources, capital refers to ____________________.
4. One economic principle is that __________ are limited.
2.03
5. Even if an item is free to you, the item will still cost __________ to make, someone's _______, and
the ______ to the store to offer it to you.
2.04
6. ______ policy is the governmental allocation and collection of money within the state?
7. Governments collect money through _______.
8. A balanced economy generally has a ________ stance.
9. An economy where more money is being collected than is being allocated or spent is known as a
_____________ economic stance.
2.05
10. A share of ownership in a company is known as ________.
11. Most companies sell shares of stock to generate _________ for the company.
12. The New York Stock Exchange is an example of a _________ stock market.
1. ___________ is a sort of auction for stocks in which traders verbally submit their offers?
14. Even non-investors are influenced by the _____________.
15. Some benefits of stock markets are _____________, ________________, ____________.
Key Vocabulary List
Economic resources-Includes natural and manufactured resources that go into products and
services.
Fiscal policy-Refers to the governmental allocation and collection of money within the state.
Open outcry-A sort of auction for stocks in which traders verbally submit their offers.
Opportunity costs-Economic choices where resources could have been used to create another item
or used for another purpose.
Stocks- Shares of ownership in a company.
Stock market-A place (physical or virtual) where stocks or shares in a company are bought and sold.
Trading- The buying and selling of stocks.