Key Terms
Preserving Economic Freedoms
Providing A Safety Net
Promoting Growth and Stability
Providing Public Goods
100
Government aid to the Poor
What is Welfare
100
an organization that lobbies congress to vote in favor of their views
What is an interest group
100
Economic level below which is needed to support a household
What is Poverty Threshold
100
the study of behavior and decision making of entire economies.
What is Macroeconomics
100
shopping malls, national parks, libraries, highways. Which is not a public good
What is shopping malls
200
A private organization that tries to persuade public officials to act or vote in a certain way.
What is an Interest Group
200
the decade in which the USA became involved in public interest matters
What is 1960's
200
payment of money to poor people
What is Cash Transfers
200
The effect new technology usually has on an economy
What is it makes it stronger and more efficient
200
situation in which goods are not fairly distributed
What is a market failure
300
the study of the economic behavior of small units such as families or businessess
What is Microeconomics
300
the most effective way for consumers to make their desires know to government and buisnesses
What is through voting and buying
300
what are the four examples of cash transfers.
What is Temporary Assistance for Needy Families, Unemployment Insurance, Social Security, Worker's Compensation
300
the total value of all goods and services produced in a particular economy
What is Gross Domestic Product
300
a person who consumes a public product but does not pay for it
What is a free rider
400
Laws and Standards on Topics of Public Interest
What is Public Policy
400
requires companies to provide full information about their products.
What is Public Disclosure Law
400
What does OSHA provide.
What is regulations on workplace safety and info about hazards in the workplace.
400
retirement income for the elderly
What is a benefit of social security
400
an economic side effect that generates unexpected benefits
What is a positive externality
500
an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
What is Externality
500
Give Three Examples of issues Interest Groups get involved with
What is Environment, Gun Laws, Abortion, Taxation, Buisness Issues, Health Care Issues,
500
Temporary Assistance for Needy Families Provide this
What is cash to states to run their welfare programs.
500
the critical rule for determining if something is a public good
What is the total benefits to a society are greater then the total cost
500
Give an example of a public good and he positive and negative externalities associated with them
What is the lake example
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