When people and businesses control the what,how and for whom is what kind of Economy ?
Market Economy
100
When the Business cycle changes of what kind of Unemployment ?
Cyclical Unemployment
100
More money you make,the more Taxes you pay is what kind of Taxes?
Progressive Tax
100
What are the three economic questions ?
What to produce ?
How to produce ?
For Whom ?
100
What is Sole Proprietorship ?
Business owned by 1 person
200
Both Market,Command Economy are what kind of Economy ?
Mixed Economy
200
What is an example of Seasonal Unemployment ?
Lake winnie, Santa in the mall, ect
200
The Fed allows money to grow and interest rates fall is what kind of Policy ?
Easy Money Policy
200
How does Progressive,regressive and proportional taxers differ ?
Progressive-More you make the more taxes you pay
Regressive-pay a higher protion of tax the less money you make.
Proportional-Pay the same amount according to income.
200
What is Partnership ?
2 or more own a business
300
What is Something that motivates you to give more sffort called ?
Incentive
300
What kind of Unemployment is the change of the seasons ?
Seasonal Unemployment
300
Everyone pays the the same amount according to their income is what kind of tax ?
Proportional Tax
300
How do a Command and Market Economy differ ?
Command-provides health services for everyone through gov.
Market-not enough health services.
300
What is price floor ?
It's the lowest legal price that can be paid for services.
400
Passing down how to survive one generation to the next is what kind of Economy ?
Traditional Economy
400
Work place change the needs for workers is what kind of Unemployment ??
Structural Unemployment
400
The Fed stops money growth and interest rates go up is what kind of policy ?
Tight Money Policy
400
What is the difference between the National debt and National deficit ?
National Debt-Money owed by the Gov.
National Deficit-How much over budget Gov. is.
400
What does G.D.P stand for ?
Gross,Domestic,Product
500
When the Gov. controls the What,How,and for whom is what kind of Economy ?
Command Economy
500
What kind of Unemployment is In between jobs or looking for a job ?
Frictional Unemployment
500
The less money you make,the higher taxes you pay is what kind of Tax ?