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Politics and Government

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Lurline Lemke

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Cards in this guide (24)
What are aspects of intellectual property

Copyright, patents, rights in music, and performance rights are all aspects of intellectual property

What is the main function of the Telephone Consumer Protection act of 1991

It allows the FCC to create rules that limit unsolicited phone calls to consumers by businesses and organizations.

Where is the world trade organization headquartered

Switzerland

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

F e m

Which government agency sets wage standards

Department of Labor

When does a trade surplus occur

When a country exports more goods then it imports

How did John Maynard Keynes view government's role in the economy

He advocated a strong role of govt. in managing the economy...

Which type of tax is imposed on those who inherit assets from a deceased person

inheritance tax

When does the government maintain spending and taxes at their current rates

when economy is stable

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

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

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

prescription drug safety

How is the Medicaid program controlled

jointly by the federal and state government

Which policy has a more direct influence on the private sector

Monetary policy has a more direct influence on the private sector

Which statement regarding the management of government social programs is not true

Some are managed by private individuals.

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 of these is a social insurance program that pays cash benefits to the aged

social security

What sources are most Interstate Highway System funds allocated

fuel taxes

Which of the fine is not included under the umbrella of intellectual property

Expressed warranty

Hawaii held a trade agreement with the US which allowed duty-free importation of sugar to the mainland. What did the local kingdom give to the US in return for these trade benefits

Pearl Harbor and Ford Island.

To what does the term domestic goods refer

goods manufactured outside of the home nation

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

A copyright.

Which of these defines the term "expenses"

the costs of operating

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