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☆☆☆☆☆Cards in this guide (17)
When is the time of highest prosperity as far as production and employment
war
What is the period of rising after economic conditions have been in recession called
recovery
Which of these taxes is paid by the consumer when a product is purchased
consumption
The shipping industry can be severely crippled at all seaports if this union goes on strike
longshoreman
Which of these does fiscal policy deal with
taxation
Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer
false
Social security payments may be paid to dependent surviving children until they are 18
Social security payments may be made to dependent children until they are 18.
true
During a time of war who is the GNP's largest purchaser of goods and services
The U.S. government(Kaylop)
The potential labor force is the same as the civilian labor force
false
Which of these is the most liquid asset
money
The labor union was a short-lived function of the early twentieth century
false
There is very little business activity and high unemployment during which of these
trough
Which of these officers of the Federal Reserve has the power to determine what the margin requirement will be for member banks
board of governors
What is the period of time when the amount produced is declining
recession
The beginning of labor unions was with the skilled workers or craftsmen
True
The federal income tax accounts for nearly 50percent of all federal tax revenues
TRUE
What is the point where the overall economic conditions are all operating at almost 100 of employment
peak (a+)
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