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Economics

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Natasha Sporer

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Cards in this guide (17)
What is a Progressive tax

A tax that charges more for higher incomes

A company can secure additional capital without going into debt by doing what

Going public

How are payroll taxes different from personal income taxes

They pay for specific social programs rather than general government activities.

What does a budget reveal about a government

A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.

What does a government budget reveal

the spending plan for the fiscal year

What merit good does the US government pay for through the Medicaid payroll tax

Retirement benefits

-- apex.

What is one difference between government agencies and government contractors

Government agencies are in the public sector while government contractors are in the private sector.

Which government agency is responsible for preparing a budget proposal for the president to submit to Congress

the Office of Management and Budget (OMB)

What effect do consumer-protection regulations have on the circular flow of the free-market system

They inspire consumer confidence, which leads to increased purchases from producers.

What would be an example of a land-use law

A town zones an area for residential buildings only. This is an example of a land use law.

Which of the following accurately describes how an investment is made

Putting money into an asset

Which of the following has no value except as a medium of exchange

Fiat money

What factors would be most likely to lead to an unsuccessful IPO

Poor timing of putting the IPO on the market can lead to an unsuccessful IPO.

Which best describes the purpose of an initial public offering IPO

The first sale of stock to the public

or To raise money to fund a company's activities.

What example of a payroll tax

Social security tax

What of the following is one advantage for a company that goes public

money is raised without going into debt.

What is an example of a labor law in economics

A restriction on when a union may call a strike

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