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Economics

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Aglae Pacocha

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Cards in this guide (15)
What explains the difference between a tax and a tariff

Taxes are paid on domestic economic activity while tariffs are paid on international trade.

What does a budget reveal about a government

A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.

What does a government budget reveal

the spending plan for the fiscal year

Freedom of expression is limited by what

one of the circumstances for freedom of expression is censorship.

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.

Why do governments provide public goods

The free market is incapable of providing these essential goods.
Private companies cannot profit by providing them.

What is an example of trade restriction

Tariffs and embargos are trade restrictions.

Which of the following is one disadvantage for a company that goes public

The pressure to make profits is increased.

Which of these is not an example of a trade restriction A Tariffs B Quotas C Rationing D Subsidies

for a similar question:

taking land to build an airport

What example of a payroll tax

Social security tax

Which of the following actions is most likely to result in an increase in the money supply

The Fed buys millions of dollars in Treasury bonds

What is an example of a labor law in economics

A restriction on when a union may call a strike

What's the purpose of income tax brackets

To enable the progressive taxation of income

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

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

Issue bonds

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