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Economics

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Isabel Wiegand

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4y ago
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Cards in this guide (14)
What is the purpose of a price ceiling

A price ceiling protects the poorest consumers by keeping goods affordable.

Freedom of expression is limited by what

one of the circumstances for freedom of expression is censorship.

Environmental-protection laws can be bad for the economy because they may do what

Environmental-protection laws can be bad for the economy because they may increase unemployment.

Consumer-protection regulations are beneficial because they increase what

Consumer confidence

What does greater capital mobility mean

Investment money flows freely around the world.

What was the relationship between colonizing countries and their colonies

The colonizers used the resources of their colonies to grow their own economies.

Why is it necessary for the government to force people to pay taxes

The public goods the government provides suffer from a free-rider problem.

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

The process of globalization involves an increase in what

The mobility of goods, services, labor, and capital

What does complying with consumer-protection regulations do

Complying with consumer protection regulations increases production costs and raises prices.

What is one negative effect of current patterns in global trade

Job loss and wage decreases in developed countries.

Which of these is not necessary for the enforcement of consumer-protection regulations

censorship

Match each role with the action performed by people playing that role.

consumer-provide labor and investment

producer-provide individual goods

government-provide public goods

Government contractors can be described as which of the following

Private sector companies

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