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Economics

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Martina Kuhic

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2y ago
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Cards in this guide (19)
Are men more intelligent than women

Not always. Some men are more intelligent than some women, but at the same time some women are more intelligent than some men.

When is the time of highest prosperity as far as production and employment

war

What is the period of rising after economic conditions have been in recession called

recovery

Which of these taxes is paid by the consumer when a product is purchased

consumption

During a time of war who is the GNP's largest purchaser of goods and services

The U.S. government(Kaylop)

The potential labor force is the same as the civilian labor force

false

The labor union was a short-lived function of the early twentieth century

false

Which of these officers of the Federal Reserve has the power to determine what the margin requirement will be for member banks

board of governors

What is the period of time when the amount produced is declining

recession

A regressive tax means that a larger percentage of taxable income is taken in taxes and taxable income decreases

false

The beginning of labor unions was with the skilled workers or craftsmen

True

Which of these is the constant movement of the gross national product around its trend to expand and contract

Business Cycle

Supply creates a demand

False(Kaylop)

The federal income tax accounts for nearly 50percent of all federal tax revenues

TRUE

Individual income tax rates are usually this of tax the higher the income the higher the tax rate
What did the homestead strike show

The government was willing to use force to end strikes

What is the point where the overall economic conditions are all operating at almost 100 of employment

peak (a+)

What was one action that progressives took to help the working poor

Promoted laws against child labor (apex)

Which of these are types of sales tax

general and selective (A+)

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