Monetary & Fiscal Policy
Taxation
Misc.
Mergers
Bucks, Banks, and Business
100
What is the government's policy for spending and taxing
Fiscal Policy
100
Greatest source of income or revenue at the state level
What is income tax
100
Economy where the government makes all the economic and social decisions
What is a command economy
100
When a supplier merges with a manufacturer
What is a vertical merger
100
3- 4 advantages to depositing your money in a bank include:
security, earn interest, convienence, saftey
200
What is the government's policy for managing the amount of money flow in the economy
monetary policy
200
should pay the tax if you can afford the tax
What is the ability to pay principle
200
Type of economy where there is some government involvement (taxes and laws), where the consumers and business owners make most economic decisions
What is a market (free or mixed market) economy
200
When two companies in the same industry merge
What is a horizontal merger
200
One of the 4 factors of production responsible for new ideas, economic growth, and is considered to be a risk-taker
What is the entrepreneur
300
Lower interest rates on borrowing, spend more, sell government bonds, lower taxes
What is expansionary fiscal policy
300
should pay the tax if you use the good or service
What is the benefits received principle
300
Type of economy where economic decisions are based on what has been done in the past and roles are defined
What is a traditional economy
300
When 4 or more companies in different industries merge
What is a conglomerate
300
4 factors of production include
What is land, labor, capital, entrepreneur
400
income tax
What is the greatest source of revenue or income at the federal level of government
400
type of tax that hurts lower income individual
What is regressive tax
400
The comparison of one nations currency to another nations currency
What is exchange rate
400
When an individual or business buys insurance for their home, business, life, or vehicles they do so in order to:
reduce risk
400
You are in need of a heart transplant, or need insulin as a diabetic, these goods & services are considered to have what type of demand elasticity?
What is inelastic demand
500
What is the greatest source of income at the local level of government
What is property tax
500
A method the Fed uses to increase the money supply
What is selling government bonds
500
When exports equal imports
What is trade balance
500
One of the best ways to build credit worthiness for a business or individual
What is to pay all bills on time
500
The role of the government when making banking laws, or laws related to taxation
What is an indirect role
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