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Economics

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Zora Daniel

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Cards in this guide (24)
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 is the main function of the consumer financial protection bureau

educating consumers about student loans

Which of these government securities cannot be publicly traded

U.S. savings bonds

Which piece of legislation established that a national minimum wage must be used by all employers

Fair Labor Standars act

Which of these does not describe the Labor Management Reporting and Disclosure Act

It clearly defines the democratic procedures unions must adopt.

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 group of people would not benefit from HUD

The wealthy.

If money supply growth exceeds the growth of the overall economy what will be the result

inflation

Which of these terms refers to the amount of money loaned to consumers and businesses

credit

Which of these describes the economic recovery period in the business cycle

Economic activity is rising above the point of the previous peak.

What terms refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth

Monetary policy

What terms best describes an individual who owns a business

sole proprietor

If a US savings bond was purchased in 2011 in which year would it reach maturity

2016

According to the law of diminishing returns what will happen if you overuse a factor of production

It will not be as efficient as before. A+

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

the amount of funds government is spending

Which point in the business cycle has the greatest economic activity

Peak a+

Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases

Expansion

Which piece of legislation was provided a standard to measure overtime pay and prohibited the process of oppressive child labor

Fair Labor Standards Act A+

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

recession

Under which circumstances do individuals and couples qualify for earned Income Tax Credit

Low income or having dependent children

What of the following study business cycles in order to help them minimize recessions and prevent booms from becoming too large

Government agencies.

What is the independent US agency responsible for protecting human health and the nation's environment

The Environmental Protection Agency (EPA) monitors threats to the environment and public health.

Which economists published the Tableau économique

François Quesnay

Which of these does not describe a weak economy

The government will assume a contractionary fiscal policy position.

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