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Economics

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Sigrid Hill

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βˆ™ 2021-10-20 18:34:49
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Cards in this guide (22)
What act prohibits discrimination with regard to service in hotels movies and theaters

Civil Rights Act of 1964

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 term indicates the percentage of a bank's total deposit that must be kept in its own vaults

reserve ratio

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

Which of these is the most liquid asset

money

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 was the very earliest organized union which lasted until 1917

Knights of Labor

What best describes frictional unemployment

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

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

Collective Barganing

Which of these encourages businesses to be efficient in their use of resources

competiton

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

Which taxes is one that supports schools

ad valorem

Choose the correct definition of interstate

Something that occurs between one or two states

The measurement of economic growth begins with the GNP.

true

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