Business
This type of buiness is with another person
What is a partnership
What is human labor
This system involves barter, subsistence farming
What is traditional
Prices of goods increase, value of money decreases
What is inflation
A tax on imports
What is a tariff
An individually owned and operated business
sole proprietorship
This industry began the labor union movement
What is the Railroad
This system allows the governemt to contro lproduction and distribution
What is a command system (Communism)
The price of money
What is interest
A tax on items like alcohol, tobacco, gambling
What is a sin tax
this type of business has a physical location
What is a "brick & mortar"
This includes compromises between employers and workers
What is collective bargainning
aka "mixed economy"
What is socialism
Loans and mortgages are bought and sold based on
What are interest rates
Taxes based on salary, wages
What is a progressive tax
This company is publically owned
What is a corporation
These papers protect minors in the workplace
What are working papers
This system uses supply and demand
What is capitalism
A borrower would want a lower interest rate. True or false?
What is true
A tax in which everyone pays the same
What is a flat tax
This is where goods & services are bought & sold
What is the product market
This socialist ran several times for the U.S. Presidency
Who is Eugene Debs
Wealth of Nations, laissez-faire
Who is Adam Smith
A period of high unemployment, low econonomic growth, and declining gdp would be categorized as
What is a recession
"no taxation without representation"
Who is Patrick Henry