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Economics

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Michelle Littel

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∙ 2021-10-20 18:34:31
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Term1/21
What act prohibits discrimination with regard to service in hotels movies and theaters
Definition1/21

Civil Rights Act of 1964

Term1/21
Gibbons vs Ogden was a Supreme Court Case in 1824 that was the first to address the
Definition1/21

The commerce clause

Term1/21
In measuring business cycle activity what is the trend
Definition1/21

The 0 point from which the measurement begins.

A+ Class

Term1/21
Who enforces fiscal policy
Definition1/21

congress

Term1/21
What are taxes paid on imports and exports called
Definition1/21

tariffs

Term1/21
Which of these taxes is paid by the consumer when a product is purchased
Definition1/21

consumption

Term1/21
What is the point where all industry is at or near its best production capacity
Definition1/21

peak

Term1/21
The shipping industry can be severely crippled at all seaports if this union goes on strike
Definition1/21

longshoreman

Term1/21
Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer
Definition1/21

false

Term1/21
There is not a lot of money available during which of these times
Definition1/21

recession

Term1/21
There is very little business activity and high unemployment during which of these
Definition1/21

trough

Term1/21
Which large sample of individuals is not included in the civilian labor force
Definition1/21

individuals in the armed forces

Term1/21
What is the period of time when more people are working and more goods are being produced called
Definition1/21

expansion

Term1/21
For which of these purposes may congress impose a tax
Definition1/21

Public purposes

Term1/21
In the 1990s what happened to union membership
Definition1/21

it declind

Term1/21
What best describes frictional unemployment
Definition1/21

The skill of people available does not fit the jobs available.

Term1/21
During the great depression president proposed the to improve the economy
Definition1/21

Roosevelt/New Deal

Term1/21
Is a method of reaching an agreement in which representatives of employees and employers discuss solutions to changes in the labor contract
Definition1/21

Collective Barganing

Term1/21
Fewer jobs are available and unemployment is rising during which of these times
Definition1/21

recession

Term1/21
The beginning of labor unions was with the skilled workers or craftsmen
Definition1/21

True

Term1/21
The measurement of economic growth begins with the GNP.
Definition1/21

true

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Cards in this guide (21)
What act prohibits discrimination with regard to service in hotels movies and theaters

Civil Rights Act of 1964

Gibbons vs Ogden was a Supreme Court Case in 1824 that was the first to address the

The commerce clause

In measuring business cycle activity what is the trend

The 0 point from which the measurement begins.

A+ Class

Who enforces fiscal policy

congress

What are taxes paid on imports and exports called

tariffs

Which of these taxes is paid by the consumer when a product is purchased

consumption

What is the point where all industry is at or near its best production capacity

peak

The shipping industry can be severely crippled at all seaports if this union goes on strike

longshoreman

Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer

false

There is not a lot of money available during which of these times

recession

There is very little business activity and high unemployment during which of these

trough

Which large sample of individuals is not included in the civilian labor force

individuals in the armed forces

What is the period of time when more people are working and more goods are being produced called

expansion

For which of these purposes may congress impose a tax

Public purposes

In the 1990s what happened to union membership

it declind

What best describes frictional unemployment

The skill of people available does not fit the jobs available.

During the great depression president proposed the to improve the economy

Roosevelt/New Deal

Is a method of reaching an agreement in which representatives of employees and employers discuss solutions to changes in the labor contract

Collective Barganing

Fewer jobs are available and unemployment is rising during which of these times

recession

The beginning of labor unions was with the skilled workers or craftsmen

True

The measurement of economic growth begins with the GNP.

true

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