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
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
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
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