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Economics

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Nona Bogan

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Cards in this guide (23)
Where does the government get money from

the government gets money from the taxes people pay TAXES

What is the purpose of a price ceiling

A price ceiling protects the poorest consumers by keeping goods affordable.

Compulsory education restricts whose freedom

parents

What does a budget reveal about a government

A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.

What do capital controls prevent

Speculators from rushing into and out of a country's market and disrupting its economy./

What do banking regulations prohibit

Money laundering

How can recent government spending be best described

Constantly increasing

What does enforcing consumer-protection regulations involve

Government censorship

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

The government might enact a price floor in order to accomplish what

Protect producers

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

What is the justification of the progressive taxation method

The idea that taxation should be based on the ability-to-pay principle

What is an example of trade restriction

Tariffs and embargos are trade restrictions.

The passage of environmental protection laws results in what

The passage of environmental protection laws results in higher prices.

Why does free - market system require government regulation

Producers are driven by the profit motive to work against competition

Which of these is not an example of a trade restriction A Tariffs B Quotas C Rationing D Subsidies

for a similar question:

taking land to build an airport

Which of these is not necessary for the enforcement of consumer-protection regulations

censorship

Government contractors can be described as which of the following

Private sector companies

What is an example of a labor law in economics

A restriction on when a union may call a strike

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

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

Issue bonds

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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