Important People
Taxes
Government and the Economy
The Bill of Rights
Capitalism
100
Senate Majority Leader
Who is Harry Reid?
100
A tax paid directly from an individual to the government.
What is a Direct Tax?
100
A general increase in prices.
What is Inflation?
100
The Amendment to the Constitution that guarantees freedom of speech, press, religion, assembly, and petition.
What is the 1st Amendment?
100
Any human-made resources used to produce goods and services.
What is capital?
200
The Federal Reserve Board Chairman
Who is Ben Bernanke?
200
A tax on manufactured goods and services.
What is an Exicse Tax?
200
The government's stated role to help the economy grow.
What is the Fiscal Policy?
200
The Amendment that guarantees that the government cannot invade your privacy or seize your property without reason or reparation.
What is the 4th Amendment?
200
A person who combines all types of resources to produce goods and services.
What is an entrepreneur?
300
The House Majority Leader
Who is John Boehner?
300
A tax levied on a corporation minus it's operating costs.
What is a Corporate Tax?
300
The rate of intrest that is charged to banks for borrowing money from the Federal Reserve.
What is the Discount Rate?
300
The Amendment that allows you to not testify against yourself in court.
What is the 5th Amendment?
300
The theory that the economy should not be regulated by the government.
What is Laissez-faire theory?
400
The Senate Minority Leader
Who is Mitch McConnell?
400
A tax on imported goods.
What is a tarrif?
400
The monetary value of a country's goods and services produced in one year.
What is Gross Domestic Product (GDP)?
400
The Amendment that states that the government cannot issue any cruel or unusual punisment for any crime.
What is the 8th Amendment?
400
A business owned by two or more individuals.
What is a partnership?
500
The U.S. Secretary of the Treasury
Who is Tim Geithner?
500
A tax on reciving an inheritance or other gift.
What is the Estate and Gift Tax?
500
An index that tracks trends in the prices of consumer goods.
What is The Consumer Price Index (CPI)?
500
The amendment that guarantees a trial by jury in civil court.
What is the 7th Amendment?
500
A market where individuals are free to buy and sell as they wish.
What is a free market?
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