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Economics

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Laurence Kemmer

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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

CONGRESS

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

methamorphic rock?

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

Bababoi

What unfair business practice do cartel use

price fixing

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.

Idk

I dont know

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

you pipi

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