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Economics

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Term1/25
What are aspects of intellectual property
Definition1/25

Copyright, patents, rights in music, and performance rights are all aspects of intellectual property

Term1/25
Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax
Definition1/25

indirect tax

Term1/25
Which document allowed the states to develop their own forms of currency
Definition1/25

Articles of Confederation

Term1/25
Which of these government securities cannot be publicly traded
Definition1/25

U.S. savings bonds

Term1/25
Which of these does not describe the Labor Management Reporting and Disclosure Act
Definition1/25

It clearly defines the democratic procedures unions must adopt.

Term1/25
What cannot be imposed by the Federal Government
Definition1/25

Morality

Term1/25
Which type of tax is imposed on those who inherit assets from a deceased person
Definition1/25

inheritance tax

Term1/25
Which of these are documents that promise future repayment at a specific time or in intervals over time
Definition1/25

Certificates of deposit

Term1/25
Which of these factors almost always has a positive effect on an economy
Definition1/25

technology

Term1/25
Which statement describes an expansion
Definition1/25

People and businesses consume more products and services.

Term1/25
Which of these statements regarding the national labor movement is not true
Definition1/25

it dissolved after 20 yrs of operation

Term1/25
When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages
Definition1/25

Prices of goods and services increase, leading to an economic slowdown.

Term1/25
What terms best describes an individual who owns a business
Definition1/25

sole proprietor

Term1/25
According to the law of diminishing returns what will happen if you overuse a factor of production
Definition1/25

It will not be as efficient as before. A+

Term1/25
Which of these is not a service provided by the government using revenue from taxes
Definition1/25

Private Schools (A+)

Term1/25
Shortages or spikes in which of the following can have a potential impact on a global economy
Definition1/25

energy

Term1/25
Upon what are changes to the fair labor standards act based
Definition1/25

Economic & social needs.

Term1/25
Which point in the business cycle has the greatest economic activity
Definition1/25

Peak a+

Term1/25
What do most businesses and citizens prefer
Definition1/25

Stable economy

Term1/25
Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases
Definition1/25

Expansion

Term1/25
In the circular flow model firms compensate households with which items
Definition1/25

households

Term1/25
Which piece of legislation was provided a standard to measure overtime pay and prohibited the process of oppressive child labor
Definition1/25

Fair Labor Standards Act A+

Term1/25
Which economists published the Tableau économique
Definition1/25

François Quesnay

Term1/25
The works of which economist lead to a more quantitative study of economics
Definition1/25

François Quesnay

Term1/25
Which of these describes the Gross Domestic Product
Definition1/25

GDP is the market value of all final goods and services produced within a country's borders in a given year.

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Cards in this guide (25)
What are aspects of intellectual property

Copyright, patents, rights in music, and performance rights are all aspects of intellectual property

Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax

indirect tax

Which document allowed the states to develop their own forms of currency

Articles of Confederation

Which of these government securities cannot be publicly traded

U.S. savings bonds

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

It clearly defines the democratic procedures unions must adopt.

What cannot be imposed by the Federal Government

Morality

Which type of tax is imposed on those who inherit assets from a deceased person

inheritance tax

Which of these are documents that promise future repayment at a specific time or in intervals over time

Certificates of deposit

Which of these factors almost always has a positive effect on an economy

technology

Which statement describes an expansion

People and businesses consume more products and services.

Which of these statements regarding the national labor movement is not true

it dissolved after 20 yrs of operation

When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages

Prices of goods and services increase, leading to an economic slowdown.

What terms best describes an individual who owns a business

sole proprietor

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+

Which of these is not a service provided by the government using revenue from taxes

Private Schools (A+)

Shortages or spikes in which of the following can have a potential impact on a global economy

energy

Upon what are changes to the fair labor standards act based

Economic & social needs.

Which point in the business cycle has the greatest economic activity

Peak a+

What do most businesses and citizens prefer

Stable economy

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

Expansion

In the circular flow model firms compensate households with which items

households

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+

Which economists published the Tableau économique

François Quesnay

The works of which economist lead to a more quantitative study of economics

François Quesnay

Which of these describes the Gross Domestic Product

GDP is the market value of all final goods and services produced within a country's borders in a given year.

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