Terms
Politics
Taxing
International
Potluck
100

This term refers to a shortfall in the budget.

What is deficit

100

This political party is currently proposing massive cuts to public education

What is the Republican Party.

100

What is the term for a tax on imports?

What is tariff

100
  • The ultimate goals of the Federal Reserve are to promote….

The answer may be any two of the three following:

>Economic Growth

>Full Employment

>Stable Prices

100

Unemployment that is predictable due to the time of year is called this.

What is seasonal

200

This term refers to how much money is owed.

What is debt

200

What is the only ‘check’ that the U. S. president and Congress have on the Federal Reserve?

What is the selection of Federal Reserve Board members (Board of Governors).

200
  • Mexico can produce an automobile more efficiently (cheaper) than the United States, therefore, in the production of automobiles,  Mexico has a ______________________ advantage.

What is "Comparative" advantage.

200

The financial crisis of 2007-08 was related to….

What is home mortgages and shoddy banking practices 

200

This is the type of unemployment caused by innovations.

What is technological

300

The Consumer Price Index is used to compute this.

What is inflation daily double

300

If the U. S. has a weak dollar, it would benefit any American who is about to....

a. Buy something online from England

b. Sell something online to someone in England

c. Travel to England

Sell something online in England

300
  • This type of trade barrier is a limit on the amount of a certain type of good that one country is willing to import from another.

What is a quota

daily triple!!!!!!!!!!!!!!

300

The economic treaty organization of countries including Italy, France and Germany

What is the EU (European Union)

300

What do economists call ups and downs in real Gross Domestic Product?

What is business cycles

400

This term refers to the planning of whether the money supply should be expanded.

What is monetary policy (must say both words)

400

The recovery from the decline in real GDP that marks the first phase is called this.

What is expansion.

400

Keynesian Economics focuses on improving the economy by boosting this.

What is aggregate demand. ('demand' is worth the regular amount, but a response of 'aggregate demand' is worth double.)

400
  • What is the term that means the value of a currency for determining its worth in another country’s currency?

What is Exchange Rate

400
  • Currently, the U. S. owes about….

What is $22 trillion

500

This term refers to decision making concerning spending and revenue.

What is fiscal policy. (must use the word 'fiscal')

DAILY DOUBLE

500

These are policies designed to stimulate output and lower unemployment by increasing production. When implemented, it included tax cuts for the rich.

What is supply-side (or Reaganomics)

500

What is a tax on imports that is designed to help less efficient domestic industries called?

What is 'protective tariff'. must use both words

500

This is the international organization that exists in order to foster international trade and enforce trade agreements?

What is the WTO (World Trade Organization).

500

Which 20th century economist that we studies would be most likely to object to deficit spending?

Who is Hayek.  daily double

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