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Economics

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Elza Larkin

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Cards in this guide (21)
Which is the government agency responsible for prohibiting discrimination in the work place

Equal Employment Opportunity Commission

In which year was the Consumer Protection Bureau created

2010

What is the main function of the consumer financial protection bureau

educating consumers about student loans

What is the term for the decentralized market where currencies are traded

F e m

Which term is defined as a government supports or pays part of the cost of production

subsidization

Which government agency sets wage standards

Department of Labor

Which government agency issues patents and trademarks

United State Patent and Trademark Office (A+LS)

Which type of warranty is not written on the label of a product

An Implied Warranty. It is a promise, arising by operation of law, (consumer protection laws) that something that is sold will be merchantable and fit for the purpose for which it is sold. In other words, if you buy a waterproof watch, it can be presumed that it will be waterproof.

What happened to social programs in America after World War 2

Programs continued to increase,even though the economy was stronger

What does not fall under the umbrella of the Environmental Protection Agency

prescription drug safety

What is the reproduction of intellectual property without permission referred to as

piracy

What does the Environmental Protection Agency have the authority to do

Penalize and shut down businesses that do not follow its regulations.

Which of these outlines the rules of mutual trade between two countries

bilateral trade treaty

What is the goal of government involvement in currency exchange rates

Keep it stable

Which term refers to a complete prohibition of trade on all goods and services with a particular country

An embargo is a complete official prohibition of trade with a particular country.

Which of these is a possible result of a trade deficit

The country may need to borrow money to make up for the loss in funds.

Which government agency regulates job safety in the workplace

department of labor

To what does the term domestic goods refer

goods manufactured outside of the home nation

What term best describes statements indicating the assured quality and function of goods

warranty

What would apply to an original piece of art such as a song or movie script

A copyright.

What interconnected global commerce structure has happened

Consumers can often no longer easily see the source of the products they buy.

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