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Economics

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Art Kshlerin

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Cards in this guide (22)
What kind of loans does the World Bank make

The world bank lends money to memeber nation so that they could be carry out the work of public importance and usefulness.

What is one effect of a price floor

A surplus of supply

What is one economic effect of environmental-protection laws

Higher prices for consumers--APEX

Natural resources necessary for production are safeguarded.

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.

What does increasing consumer confidence do

Increases purchases from producers

What does conditionality require of countries getting loans from the IMF

The acceptance of economic policy recommendations

What can discretionary funds be used to pay for

Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.

What was the relationship between colonizing countries and their colonies

The colonizers used the resources of their colonies to grow their own economies.

The process of globalization involves an increase in what

The mobility of goods, services, labor, and capital

What limits specialization in the global economy

Trade barriers.

What's 5 percent charged on profits from selling stocks

Capital gains tax

Government corporations can be described as which of the following

privite sector companies
Independently run

Apex :P

What is one thing the government must do to enforce consumers protection regulations

Test new products for safety and effectiveness.

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

How does globalization hurt the United States economy

by bringing wage reductions

What time is Churchill most clearly using

I cannot answer this question.

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 type of good with the sample good it represents (apex)

Merit good : education

Public good : national security

Individual good : food

Order to make up for a budget deficit the government can do what (Apex)

Issue bonds

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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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