Economics

Global trade involves business practices that cross international borders. Modern business practices may include multiple locations being used as well as telecommunication via teleconferencing.

A price ceiling protects the poorest consumers by keeping goods affordable.

To protect workers

Environmental-protection laws can be bad for the economy because they may increase unemployment.

The president gives a proposed budget to Congress.

Congress decides on the details of the budget.

The president signs spending bills into law.

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The Office of Management and Budget (OMB) and the president prepare a proposed budget.

Congress decides on the overall level of spending and taxation and passes specific spending bills.

The president signs various spending bills into law.

Consumer confidence

Increases purchases from producers

Investment money flows freely around the world.

A gift of money from one government to another government

To get countries or companies to stop doing something objectionable

Rationing

It could pursue a policy of national self-sufficiency.

The IMF wants to fix the economies of countries that need its help.

When a country has an absolute advantage in production of that good it may specialize in producing that good.

Free-trade policies

The exploitation of natural resources

consumer-provide labor and investment

producer-provide individual goods

government-provide public goods

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor