The Item That Receives the Most Weight in the FICO

question 50

Multiple Choice

The item that receives the most weight in the FICO credit scoring system is

• A) the amount of credit used each month.
• B) credit payment history.
• C) credit utilization.
• D) credit inquiries.

Grasp the principles of comparative advantage and international trade.

Interpret production possibilities and circular-flow diagrams to analyze economic adjustments.

Identify factors of production and their roles in the economy.

Comprehend the basic mechanisms of trade and barriers to trade.

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Definitions:

Corporate Income Tax

A tax imposed on the net income of corporations, calculated by deducting permissible expenses from gross income.

Federal Expenditures

Refers to the spending by the federal government, including spending on national defense, social security, and other public services.

National Debt

The total outstanding borrowing of a government, consisting of internal and external loans, accumulated over years of budget deficits.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco, alcohol, and gasoline, usually intended to discourage their use or generate revenue.