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☆☆☆☆☆Cards in this guide (23)
Gibbons vs Ogden was a Supreme Court Case in 1824 that was the first to address the
The commerce clause
Who enforces fiscal policy
congress
What are taxes paid on imports and exports called
tariffs
What is the period of rising after economic conditions have been in recession called
recovery
Which of these taxes is paid by the consumer when a product is purchased
consumption
What is the point where all industry is at or near its best production capacity
peak
What are laws called that some states now have that determine whether or not union labor is required
Right To Work(Kaylop)
The shipping industry can be severely crippled at all seaports if this union goes on strike
longshoreman
There is not a lot of money available during which of these times
recession
During a time of war who is the GNP's largest purchaser of goods and services
The U.S. government(Kaylop)
When there is a scarcity in availability of a raw material what happens to the consumer price
It Increases...
There is very little business activity and high unemployment during which of these
trough
Which large sample of individuals is not included in the civilian labor force
individuals in the armed forces
For which of these purposes may congress impose a tax
Public purposes
In the 1990s what happened to union membership
it declind
Is a method of reaching an agreement in which representatives of employees and employers discuss solutions to changes in the labor contract
Collective Barganing
Fewer jobs are available and unemployment is rising during which of these times
recession
The beginning of labor unions was with the skilled workers or craftsmen
True
Which taxes is one that supports schools
ad valorem
Which of these is the constant movement of the gross national product around its trend to expand and contract
Business Cycle
The federal income tax accounts for nearly 50percent of all federal tax revenues
TRUE
The measurement of economic growth begins with the GNP.
true
What is the point where the overall economic conditions are all operating at almost 100 of employment
peak (a+)
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