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
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
How can recent government spending be best described
What does enforcing consumer-protection regulations involve
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
The government can prevent the shortages that accompany price ceilings by doing what
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
Government contractors can be described as which of the following
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)
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