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Economics

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Norma Lockman

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Cards in this guide (17)
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.

What are aspects of intellectual property

Copyright, patents, rights in music, and performance rights are all aspects of intellectual property

What is the main function of the Telephone Consumer Protection act of 1991

It allows the FCC to create rules that limit unsolicited phone calls to consumers by businesses and organizations.

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

Which of these outlines the rules of mutual trade between two countries

bilateral trade treaty

What best describes market prices that change often and to a great degree with dramatic spikes and plunges

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.

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 is not considered an entitlement payment

income tax refund

Which government programs help cover costs of retired Americans

social security & medicare. -- A+

Which term best describes the rate at which a country's currencies convert to other currencies

exchange rate

Which government agency regulates job safety in the workplace

department of labor

Which term best describes an economic slowdown

An economic slowdown is called a recession.

Shortages or spikes in which of the following can have a potential impact on a global economy

energy

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

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

A copyright.

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