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Economics

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Laila Emard

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Cards in this guide (19)
Which level of government manages the Supplemental Nutrition Assistance Program

state

How are government social programs funded

tax revenues

Which government agency sets wage standards

Department of Labor

Which of these federal institutions carries the responsibility of managing the process of borrowing money by issuing bonds and notes

Department of the Treasury

Which government agency issues patents and trademarks

United State Patent and Trademark Office (A+LS)

Which type of tax is imposed on those who inherit assets from a deceased person

inheritance tax

Which of these government securities pay a fixed rate of interest every six months until they mature at thirty years

treasury bonds

Which of these are documents that promise future repayment at a specific time or in intervals over time

Certificates of deposit

Which institution regulates and manages the rules for each unemployment insurance program

department of labor

Why are excise taxes often referred to as sin taxes

Because they are placed on items to help act as a deterrent.

Which social program provides vouchers the poor can use to purchase food

Supplemental Nutrition Assistance Program

What is the tool commonly used by the Federal Reserve whereby it buys or sells U.S. Treasury bonds

open market operations

Which of these is a social insurance program that pays cash benefits to the aged

social security

Shortages or spikes in which of the following can have a potential impact on a global economy

energy

Which point in the business cycle has the greatest economic activity

Peak a+

Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases

Expansion

The collection of federal income tax is managed by which of these agencies

IRS

What is the independent US agency responsible for protecting human health and the nation's environment

The Environmental Protection Agency (EPA) monitors threats to the environment and public health.

Which of these defines the term "expenses"

the costs of operating

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