Uno
Dos
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100
What are 3 problems that need reform in the American Economy?
unsafe working conditions, environmental damage, unfair business practices
100
What sources of income does the federal government have?
taxes, tariffs
100
What organization is responsible for making sure food is safely packaged
Food and Drug Administration (FDA)
200
What are three powers the government has according to the constitution that deal with the economy?
Coin money, collect taxes, borrow money
200
What can be a problem in a Free enterprise system
Unfair business practices
200
What organization is responsible for making sure workers are protected on their jobs?
Occupational Safety and Health Administration
300
What is economic freedom?
the ability to make the economic decisions on your own; owning property...
300
Why does government intervention stir up conflict?
Intervention can create new problems
300
What organization is responsible for making sure children don't get hurt by toys they buy?
Consumer Product Safety Commission (CPSC)
400
What is one thing the government does to respond to economic problems?
regulate business
400
What choices does Economic Freedom allow you to make?
Buy/sell property; start a business, make a profit
400
What might the government do to stop companies from cheating costumers?
Regulate Business
500
What is the most closely watched sign of our countries economic health?
GDP
500
What is the Governments decisions on how much it spends and how much taxes it collects called?
Federal Budget
500
Explain Inflation
Look up the answer and think about it! be prepared to give an example
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