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Economics

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Sofia Langosh

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4y ago
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Cards in this guide (18)
What are the federal laws the president is responsible for enforcing

The president is responsible for enforcing all federal laws. The executive branch is charged with enforcing the laws of the United States.

When was Thorstein Veblen born

Thorstein Veblen was born on July 30, 1857.

What is the term for the decentralized market where currencies are traded

F e m

Which of these is a reason for government subsidization of goods and services

creat jobs

Which term is defined as a government supports or pays part of the cost of production

subsidization

What does not fall under the umbrella of the Environmental Protection Agency

prescription drug safety

What is the goal of government involvement in currency exchange rates

Keep it stable

What can happen to prices in a competitive market when demand increases as supply remains the same

increase in prices

Which of these is a drawback to international trade

job losses in the domestic economy

Which is not considered an entitlement payment

income tax refund

Which term refers to a complete prohibition of trade on all goods and services with a particular country

An embargo is a complete official prohibition of trade with a particular country.

Which of these is not an advantage of the foreign production of goods

Tighter Regulations.

Which term best describes an economic slowdown

An economic slowdown is called a recession.

What does it mean to say the unemployment problem in America is structural in nature

a large portion of the population does not have the skills that are truly needed by the economy for growth

Which point in the business cycle has the greatest economic activity

Peak a+

At which level of government is property tax assessed

Local A+

Of the following which term covers a wide range of government promises of financial benefit to particular persons who meet certain criteria

entitlements A+

What would apply to an original piece of art such as a song or movie script

A copyright.

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