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Economics

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Darrell Zboncak

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Cards in this guide (25)
What are the advantages of sin taxes

hacjkerds asdas

Which of these is a reason for government subsidization of goods and services

creat jobs

Which government agency issues patents and trademarks

United State Patent and Trademark Office (A+LS)

What is the reproduction of intellectual property without permission referred to as

piracy

Which of these outlines the rules of mutual trade between two countries

bilateral trade treaty

What term refers to the process whereby a foreign company makes lasting investment with a controlling ownership stake in a domestic company

foreign direct investment

What best describes market prices that change often and to a great degree with dramatic spikes and plunges

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.

Why will the baby-boomer generation be a potential problem for government spending

the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security

What can happen to prices in a competitive market when demand increases as supply remains the same

increase in prices

Which of these is a drawback to international trade

job losses in the domestic economy

Which is not considered an entitlement payment

income tax refund

Which of these describes the process of exchanging currency between three banks in order to gain a profit from the exchange rate of each type of currency

triangular arbitrage

Which term best describes the rate at which a country's currencies convert to other currencies

exchange rate

What is the purpose of the Health Insurance Portability and Accountability Act

Set standards for privacy and how patient information can be used.

Why do public corporations receive much more attention on average

because of their size and the importance they have on the economy

What happens as a result of excessive government borrowing

It becomes more expensive for the private sector to borrow.

Which of these is not an advantage of the foreign production of goods

Tighter Regulations.

Most favored nation status tends to grant the recipient which of these

Most favored nation status tends to grant the recipient with the same trade concessions.

How is administration of Medicaid handled

by the each state

Which term best describes an economic slowdown

An economic slowdown is called a recession.

The response of businesses and individuals to fiscal policy changes is related to which of these

the amount of funds government is spending

Which of these describes a creditor

the person or business doing the lending. -- A+

Which term describes the amount of money the nation owes

Debt

Choose the best meaning for this suffix. -phobia

The meaning is "fear of".

What interconnected global commerce structure has happened

Consumers can often no longer easily see the source of the products they buy.

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