Labor
Federal Reserve
International Trade
More trade
Mix and Match
100
Seasonal vs structural unemployment
What is depending on schedules vs lack of skills?
100
These are social welfare programs that provide benefits to those who are eligible
What are entitlement programs?
100
This is the result of the Bretton Woods conference
What is creating a fixed exchange system for the US and Western Europe?
100
This is the country that exports the most services
What is the US?
100
An example of this would be having three hours of time and spending all three hours sleeping
What is a high opportunity cost?
200
This is how income has changed over the years.
What is it became less equal?
200
These are three reasons the national debt rose during Reagan's term as President
What is tax cuts for the wealthy, increased defense spending and an unexpected downturn of the economy?
200
This is a trade deficit
What is imports exceed exports?
200
This is the primary measure of a country's development
What is per capita GDP?
200
Education gets most of its money from these taxes
What are local property taxes?
300
This is the meaning of underemployment
What is a person working a job for which he or she is overqualified.
300
This is the meaning of lender of last resort with respect to the Federal Reserve
What is lending money in financial emergencies?
300
This is what happens when currency depreciates
What is products become cheaper for other nations?
300
These are three factors of a country's population growth
What is number of births, deaths and those to or from the country?
300
This is the number of federal reserve districts
What is 12?
400
This is the demand-pull theory of inflation
What is demand for goods exceeds supply?
400
This is the policy the Federal Reserve Bank uses to counteract an expansion causing high interest rates
What is tight money policy?
400
This is how countries protect their domestic economy from excessive influence of multinational corporations
What is requiring the MNC to export a certain percent of its product?
400
This is brain drain
What is people staying in the developed nation to work after finishing college there?
400
This is a good country to travel to (near us) where the dollar is strong
What is Mexico?
500
This is the government's fiscal policy
What is collecting taxes to pay government expenses?
500
This is why banks often hold excess reserves
What is to ensure the ability to meet consumer demand?
500
This is a disadvantage of import barriers
What is domestic manufacturers may lose incentive to become more efficient?
500
These countries are about equal to the cost of living in the US
What is the EU nations?
500
This is what I learned doing the budget project
What is ???
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Mrs. Black's Economics Final Review 3
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