2025 TO 2026 COMPLETE STUDY
GUIDE KEY EVENTS PRACTICE
QUESTIONS AND EXAM
PREPARATION
laissez faire -CORRECT ANSWER-literally means "let do," but the
meaning leans more towards "let it be"/"don't get too involved"
Governments let the economy do whatever it wanted without interfering
revenue -CORRECT ANSWER-Money taken in by the gov't
The most usual sources are taxes and customs duties (a tax on imported
goods)
deficit financing -CORRECT ANSWER-A system where governments
borrow money to be repaid in the future
staples -CORRECT ANSWER-Something that forms an important part of
something else
buying on margin -CORRECT ANSWER-Investors bought stocks with
borrowed money, in hopes that in a short time the stock would rise
significantly. At this point, they would sell, repay the loan, and harvest a
large profit
→ Also known as speculation