Government and Constitution
The 16th amendment allows for the government to collect this.
What are taxes?
This is a business or corporation's main goal.
What is maximizing profit?
This government program provides income to retired people and disabled individuals.
What is Social Security?
This is what GDP stands for.
What is Gross Domestic Product?
This is what mainly makes up the private sector in economics.
What are businesses and individuals?
Regulations on where businesses can operate are called this.
What are zoning laws?
This group ultimately decides what goods and services are produced in the United States. (Not the government, but...)
What are consumers?
This program offers help to people who lose their job and are actively looking for one.
What is unemployment?
This is what GDP measures.
What is the total value of goods a country produces in a year?
This generally makes up the public sector in economics.
What is the government?
This amendment allows for individuals to not self-incriminate themselves (I plead the...)
What is the 5th amendment?
This is the main reason that businesses do not create public goods.
What is there is no chance to make profit?
This program provides payments to workers injured on the job.
What is Workers' Compensation?
The study of the entire economy is known as this.
What is macroeconomics?
Someone who benefits from a public good but does not pay for it is called a..?
Warning labels on products like nicotine and tobacco are known as this.
What are public disclosure laws?
This is the term given to the financial gain a business makes during a transaction.
What is profit?
This program gives money to low-income families, its acronym is TANF.
What is Temporary Assistance for Needy Families?
The study of individual businesses or households is known as this.
What is microeconomics?
This is why taxes are necessary for public goods.
What is people not wanting to pay for shared benefits?
Give a reason why the government would require public disclosure laws.
What is informing and protecting consumers?
Very similar to its own name, this is what profit motive means.
What is the incentive to make money?
Name one requirement for for someone to receive unemployment benefits. (There are multiple)
What is must be actively job searching OR What is being let go without cause.
This was the US GDP in 2024 (rounded to the nearest trillion).
What is $29 trillion?
The reason companies would not provide something like streetlights.