Economic Freedoms
Safety Net
Public Goods
Growth & Stability
Misc.
100
Private organization that tries to persuade public officials to act or vote according to group members' interests
What is interest group
100
Government aid to the poor
What is welfare
100
Part of the economy that involves transactions of individuals and businessess
What is private sector
100
Study of the behavior and decision making of entire economics
What is macroeconomics
100
Decade when the U.S. government became more involved in economic matters of public interest
What is 1960's
200
The concerns of the people as a whole
What is public interest
200
An income level below that which is needed to support families or households
What is poverty threshold
200
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
200
The total value of all final goods and services produced in an economy
What is Gross Domestic Product (GDP)
200
The study of the economic behavior and decision making of small units, such as individuals, families, and businesses
What is microeconomics
300
Requirements for companies to provide full information about their products
What is public disclosure laws
300
Goods or services provided by the government for free or at greatly reduced prices
What is in-kind benefits
300
Somone who would not choose to pay for a good or service, but who would get the benefits of it anyway if it were provided as a public good
What is free rider
300
Gives the inventor of a new product the exclusive right to produce and sell it for 20 years
What is patent
300
A shopping mall is NOT an example of a
What is a public good
400
Laws and standards on topics of public interest
What is public policy
400
Direct payments of money to poor, disabled, and retired people
What is cash transfers
400
A situation in which goods are not fairly distributed
What is market failure
400
A period of macroeconomic expansion followed by a period of contraction, or decline
What is business cycle
400
Food stamps are an example of a/an what
What is in-kind payment
500
The two most effective ways for consumers to make their desires known to government & business
What is voting and buying
500
Program that provides cash to the states to help run their welfare programs
What is Temporary Assistance for Needy Families
500
A shared good or service for which it would be impractical to make consumers pay for and to exclude nonpayers
What is public good
500
Two ways technology has an effect on an economy
What is stronger and more efficient
500
Year in which President Eisenhower signed the Federal Aid-Highway Act, authorizing 41,000 miles of highways for our nation
What is 1956
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