Cards in this guide (22)
Why is taxation necessary
To provide money for government programs
What does a progressive taxation system do
it increases the tax as income rises
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.
Who has to approve the budget of the US government
How do developed countries maintain an advantage over developing countries in international trade
They maintain high tariffs on the agricultural goods that many
developing countries export.
The purpose of advertising is to do which of the following
To introduce people to products or methods.
To convince people to procure and make use of prodiucts and
methods.
To convince people to procure and use a specific brand of a
product or method.
Match each type of tax with an example of its use apex
Though answer choices weren't listed I found an example. Sin tax
would be 10 percent on gambling winnings. Income tax would be 20
percent tax on wages that are earned. Excise tax would be thirty
cent tax on a gallon of gasoline. Consumption tax would be 9
percent tax on the sale of luxuries.
Match each of the protectionist policies below with an Which of the following best explains what happens when workers join a labor union
A.Tariff -----The government limits the import of sugar from
other countries.
B.Quota ----The government puts a high tax on sugar made in
other countries.
C.Subsidy--- The government pays sugar farmers to keep sugar
prices low.
What is the purpose of a test match at a sporting event
A test match is when two international teams play against each
other at a sporting event. The purpose of this is to find out which
nation is the best at that particular sport.
What is the most common rock type in the area of mount Sebastopol
Who takes place in the supreme court
what people take place in the supreme court
What is the Cause of demand pull-inflation
Consumers want more and more goods and services - APEX
Match each sample good with the type of good it represents.
health care-merit good
infrastructure-public good
automobiles-individual good
What Match each term to its best definition
What unfair business practice do cartel use
What is an example of a labor law in economics
A restriction on when a union may call a strike
Match each of the terms below with an example that fits the term.
Match each organization with its correct relationship to the government
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
Match each type of good with the sample good it represents (apex)
Merit good : education
Public good : national security
Individual good : food
Match each organization with the correct labels (apex)
Organization of Petroleum Exporting Countries competition regulator
Lockheed Martin Corporation government contractor
Antitrust Division of the Department of Justice cartel
Match each type of restriction with one of its effects (apex)
- trade restrictions is to higher prices for consumers.
-labor laws is to regulation of union activities
- banking regulations is to stability for the economy
Which of the following correctly describes Fascism