Politics and Government

the government gets money from the taxes people pay TAXES

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

Money laundering

Constantly increasing

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.

Increases purchases from producers

A large company charging below its production cost in order to eliminate competition

Tariffs and embargos are trade restrictions.

Capital gains tax

merit good-education

public good-school buildings

individual good-textbooks

Private sector companies

A restriction on when a union may call a strike

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Issue bonds

Organization of Petroleum Exporting Countries competition regulator

Lockheed Martin Corporation government contractor

Antitrust Division of the Department of Justice cartel