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Economics

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Jaylin Konopelski

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2y ago
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Cards in this guide (20)
Which of these was not a right given by the National Industrial Recovery Act and the National Labor Relations Act

the right to work

What occur when a business decides to prevent its unionized workforce from working

Lockout

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

F e m

Which government agency sets wage standards

Department of Labor

What happened to social programs in America after World War 2

Programs continued to increase,even though the economy was stronger

Which of these involves a representative who discusses proposed changes in the terms of a labor contract on behalf of employers and employees

collective bargaining

How can someone define an excise tax

According to the official website for the IRS: An excise tax is a tax which is paid when one purchases a specific product, such as gasoline. The excise tax on the product is often included in the sale price, which is the case with alcohol, cigarettes and fuel.

Which of these is not a shared goal of both fiscal and monetary policy

lowering intrest rates (A+(

Which economic trend might happen as a result of abnormal weather such as drought or flooding

It can lead to negative effects on the economic activity and can even cause a recession.

What happens when banks are too lenient in loaning money to consumers and businesses

It causes a boom in spending and production that may not be paid back.

Which policy has a more direct influence on the private sector

Monetary policy has a more direct influence on the private sector

Which bill gave individual states the right to pass right-to-work laws

Taft-Hartley Act A+

What defines aggregate demand

the total demand for final goods and services in the economy

Which point in the business cycle has the greatest economic activity

Peak a+

What is the National Labor Relations Board responsible for

Overseeing labor union elections and resolving unfair labor practices in the workplace.

Which of these is not an intrastate tax

federal income tax A+

The enactment of the labor management reporting and disclosure act meant that union elections would be open to review by which of the following

Department of labor

Congress

Senate

Department of human relations

To what does the term domestic goods refer

goods manufactured outside of the home nation

A shortage of a natural resource can lead to which phase in the business cycle

recession

Which of these was the first union with characteristics as we know them today

American Federation of Labor A+

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