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Arden Smith

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Term1/15
Which of these is an example of a tax on wealth
Definition1/15

Real estate tax

Term1/15
What does a government budget reveal
Definition1/15

the spending plan for the fiscal year

Term1/15
What merit good does the US government pay for through the Medicaid payroll tax
Definition1/15

Retirement benefits

-- apex.

Term1/15
What is one difference between government agencies and government contractors
Definition1/15

Government agencies are in the public sector while government contractors are in the private sector.

Term1/15
Which of these is a group of producers working together to raise prices and increase profits
Definition1/15

cartel

Term1/15
What effect do consumer-protection regulations have on the circular flow of the free-market system
Definition1/15

They inspire consumer confidence, which leads to increased purchases from producers.

Term1/15
Why might the government freeze assets
Definition1/15

Why might the government freeze assets?

To stop crime activity.

Term1/15
What would be an example of a land-use law
Definition1/15

A town zones an area for residential buildings only. This is an example of a land use law.

Term1/15
What is one positive effect of environmental-protection laws
Definition1/15

Natural resources necessary for production are safeguarded.

Term1/15
Which of the following most accurately explains why money differs from commodity money
Definition1/15

Fiat money only has value as a medium of exchange. Apex

Term1/15
Why don't developing countries usally benefit from free trade policies
Definition1/15

Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.

Term1/15
What is an example of a labor law in economics
Definition1/15

A restriction on when a union may call a strike

Term1/15
Match each organization with its correct relationship to the government
Definition1/15

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Term1/15
Match each type of good with the sample good it represents (apex)
Definition1/15

Merit good : education

Public good : national security

Individual good : food

Term1/15
Order to make up for a budget deficit the government can do what (Apex)
Definition1/15

Issue bonds

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Cards in this guide (15)
Which of these is an example of a tax on wealth

Real estate tax

What does a government budget reveal

the spending plan for the fiscal year

What merit good does the US government pay for through the Medicaid payroll tax

Retirement benefits

-- apex.

What is one difference between government agencies and government contractors

Government agencies are in the public sector while government contractors are in the private sector.

Which of these is a group of producers working together to raise prices and increase profits

cartel

What effect do consumer-protection regulations have on the circular flow of the free-market system

They inspire consumer confidence, which leads to increased purchases from producers.

Why might the government freeze assets

Why might the government freeze assets?

To stop crime activity.

What would be an example of a land-use law

A town zones an area for residential buildings only. This is an example of a land use law.

What is one positive effect of environmental-protection laws

Natural resources necessary for production are safeguarded.

Which of the following most accurately explains why money differs from commodity money

Fiat money only has value as a medium of exchange. Apex

Why don't developing countries usally benefit from free trade policies

Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.

What is an example of a labor law in economics

A restriction on when a union may call a strike

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of good with the sample good it represents (apex)

Merit good : education

Public good : national security

Individual good : food

Order to make up for a budget deficit the government can do what (Apex)

Issue bonds

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