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Zakary Gulgowski

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Cards in this guide (17)
Where does the government get money from

the government gets money from the taxes people pay TAXES

Why is taxation necessary

To provide money for government programs

What is the purpose of consumer advocacy groups

to promote the interest of consumer

What do capital controls prevent

Speculators from rushing into and out of a country's market and disrupting its economy./

What do banking regulations prohibit

Money laundering

Why might the government freeze assets

Why might the government freeze assets?

To stop crime activity.

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.

What does the enforcement of antitrust laws do

Speeds up the flow of capital and wages

Sort the statements below into the correct order in which the federal budget is prepared

The president gives a proposed budget to Congress.

Congress decides on the details of the budget.

The president signs spending bills into law.

.

The Office of Management and Budget (OMB) and the president prepare a proposed budget.

Congress decides on the overall level of spending and taxation and passes specific spending bills.

The president signs various spending bills into law.

Politicians can gain added support for themselves by approving what

Pork barrel projects

What is an example of trade restriction

Tariffs and embargos are trade restrictions.

What is one benefit of consumer-protection regulation

One benefit of consumer protection regulation is that it keeps people from being abused by unfair, dangerous, and fraudulent actions by vendors.

What pairs of prefixes are closest to each other in size

Which of the following pairs of prefixes are closest to each other in size?

Which best explains why the money supply is decreased when the government issues bonds

The purchase of bonds reduces the bond buyers' bank accounts.

What is an example of a labor law in economics

A restriction on when a union may call a strike

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 unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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