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Economics

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Carlo Kiehn

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Cards in this guide (17)
How can recent government spending be best described

Constantly increasing

Environmental-protection laws can be bad for the economy because they may do what

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

Consumer-protection regulations are beneficial because they increase what

Consumer confidence

What does increasing consumer confidence do

Increases purchases from producers

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

The process of globalization involves an increase in what

The mobility of goods, services, labor, and capital

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

What does complying with consumer-protection regulations do

Complying with consumer protection regulations increases production costs and raises prices.

Which of the following does not promote increased international trade and economic growth

Type your answer here... High tariffs

What is the justification of the progressive taxation method

The idea that taxation should be based on the ability-to-pay principle

What's 5 percent charged on profits from selling stocks

Capital gains tax

Environmental-protection laws limit what

The exploitation of natural resources

What is gross income minus any adjustments deductions and exemptions

taxable income :)

What is an example of a labor law in economics

A restriction on when a union may call a strike

Which of the following is an example of expansionary fiscal policy

cutting taxes

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each organization with the correct labels (apex)

Organization of Petroleum Exporting Countries competition regulator

Lockheed Martin Corporation government contractor

Antitrust Division of the Department of Justice cartel

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