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Economics

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Ethel Hauck

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Cards in this guide (22)
What act prohibits discrimination with regard to service in hotels movies and theaters

Civil Rights Act of 1964

Gibbons vs Ogden was a Supreme Court Case in 1824 that was the first to address the

The commerce clause

Who enforces fiscal policy

congress

Since the 1980s what has happened to the US share of domestic car sales

declined

What are taxes paid on imports and exports called

tariffs

Which of these taxes is paid by the consumer when a product is purchased

consumption

What is the point where all industry is at or near its best production capacity

peak

The shipping industry can be severely crippled at all seaports if this union goes on strike

longshoreman

There is not a lot of money available during which of these times

recession

Which of these is the most liquid asset

money

When there is a scarcity in availability of a raw material what happens to the consumer price

It Increases...

There is very little business activity and high unemployment during which of these

trough

Which large sample of individuals is not included in the civilian labor force

individuals in the armed forces

What is the period of time when more people are working and more goods are being produced called

expansion

For which of these purposes may congress impose a tax

Public purposes

In the 1990s what happened to union membership

it declind

What is the period of time when the business cycle has been in a down swing and is going up called

recovery gap.

Who was the leader of the AFL

Samuel Gompers

Fewer jobs are available and unemployment is rising during which of these times

recession

The beginning of labor unions was with the skilled workers or craftsmen

True

Which of these acts spell out the deomocratic procedures that unions must use including allowing members to attend meetings and to vote

Labor

The measurement of economic growth begins with the GNP.

true

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