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☆☆☆☆☆Cards in this guide (8)
What is regressive tax
tax that is an equal amount for everyone and doesn't depend on how much you earn.
What is one of the negative effects of globalization
There is an increasing income gap between rich and poor countries, because labor jobs will be moved to the countries with the cheapest manpower.
What does the enforcement of antitrust laws do
Speeds up the flow of capital and wages
What best explains what happens to the exchange rate of a floating currency
The exchange rate for that currency changes depending on the operations of the free market
What best explains what happens when unemployment increases during a recession
The recession worsens into a depression.
Example of discretionary spending
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
Consumers are most likely to be priced out of the option to buy a home when there's an increase in what
Mortgage interest rates
Mortgage interest rates.
What most accurately describes one of the powers of stockholders
Stockholders can sell their shares in the company at any time.
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