Welcome to... A Game of X’s and O’s

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Scoreboard X O Click Here if X Wins Click Here if O Wins

1 What is a tariff?

1 Tax on imported goods Home

2 What is interest?

2 The money charged to get a loan

3 What is does a protectionist want?

3 Someone who is not in favor of trade. Wants to protect his nation. More restrictions.

4 What does the FDIC do for you?

4 Protect your savings up to $250,000 Home

5 What is comparative advantage?

5 Ability to produce at a lower opportunity cost than another nation

6 Who has the absolute advantage in shoes? US2356 France2841 shoescandy

6 France

7 Will France and the US trade? US2356 France2841 shoescandy

7 No. They have comparative advantage in the same product (candy).

8 A credit report is used to determine a persons…

8 Ability to repay the loan as well as his credit history

9 What is the riskiest investment, but also the best one in the long term?

9 Stocks