Taxes
Economies
Goals of the U.S. Economy
Businesses
Unemployment
100
When people pay a higher porportion of tax, the less money they make.
What is Regressive Tax
100
Central authority, usually government, makes most of the what, how, and for whom decisions..
What is Command Economy
100
When you use scarce resources well and not wasteful.
What is Economic Efficency
100
Business recongnized by law as a seperate legal intity giving all the rights of an individual.
What is Corporation?
100
Depends on the season.
What is Seasonal Unemployment
200
The more money you make, the more you are taxed.
What is Progressive Tax
200
Economic System in which the allocation of scarce resources and other economic activity is the result of the ritual, habit, or custom.
What is Traditional Economy
200
When consumers and producers make their own decisions.
What is Economic Freedom
200
Jointly owned by two or more people.
What is Partnership?
200
Workers that are looking for a new job.
What is Frictional Unemployment
300
Everyone pays the same amount, proportional to their income.
What is Proportional Tax
300
People and firms act in their own best interests to answer the what, how , and for whom.
What is Market Economy
300
Equal pay, for equal work.
What is Economic Equity
300
Business owned by an individual/members of the household.
What is Sole Proprietorship?
300
When changes in the structure of the work place changes the need of workers.
What is Structural Unemployment
400
The following is an example of which type of tax: US Income Tax?
What is Progressive Tax
400
Which Economy has both command and market in it?
What is Mixed Economy
400
Protection from adverse events such as layoffs and illness.
What is Economic Security
400
Someone who takes the risk of opening a business.
What is Entreprenuer?
400
This type of unemployment in related to the business cycle
What is Cyclical Unemployment
500
The following is an example of which of the following types of tax : Sales Tax?
What is Regressive Tax
500
The following is an example of Which type of economy: North Korea and Cuba ?
What is Command Economy
500
prices do not go up or down too much, too often.
What is Price Stability
500
Which type of business is difficult and expensive to run ?
What is Corporation?
500
A carpenter is a type of which unemployment?
What is Seasonal Unemployment?
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