Microeconomics
Obstacles to trade such as government regulations are known as this
Trade Barriers
A manufacturing company is assessed a penalty for dumping pollutants into a local river is an example of what?
Internalize the Externality
This is the term given to laws and regulations affecting the value and cost of money
Monetary Policy
This group did want to extend the powers of the national government.
Anti-Federalists
Amendment to the US Constitution which protects the right to a jury trial in civil cases
7th Amendment
The non-human resources used to produce goods in an economy such as tools
Means of Production
This type of unemployment that encompasses workers who have left one job and are in the process of finding another
Frictional Unemployment
Executive Branch, Congress, IRS, Federal Reserve, IMF are examples of this
Institutions (of Economic Activity)
Levied on only the American colonies, this tax was on all printed materials.
Stamp Act of 1765
Amendment to the US Constitution which protects against the quartering of troops in homes
3rd Amendment
A market where only a few sellers are present such as the mail market with USPS, UPS or FedEx
Oligopoly
This legislative branch of American government; provides budgetary funding and regulates tax law
Congress
The total demand for goods and services in an economy at a given time is known as
Aggregate Demand
French explorer who was the first to search for a water route from the Atlantic to the Pacific
Jacques Cartier
Amendment to the US Constitution which protects against cruel and unusual punishment
8th Amendment
Removing tariffs on imports and exports creates this type of trade scenario.
Free Trade
The Presidency and other members of the Executive branch of Federal government; responsible for proposing and managing the Federal Budget
Executive Branch
A government practice which sets a minimum price for a good or service even if the market would naturally drive the price lower is known as this
Price Floors
Required colonists to provide room and board to British soldiers.
Quartering Act
Amendment to the US Constitution which protects against unsupported accusations of wrongdoing, self-incrimination, and double jeopardy (being charged for the same crime twice)
5th Amendment
This is a limit to the amount of a good that can be imported or exported
Trade Cap
A trade agreement that created a free trade zone between the US, Canada, and Mexico
North American Free Trade Agreement (NAFTA)
a problem created when positions are no longer needed due to a change in production processes or the emergence of new technology
Obsolescence
The first document of a self-regulating government since the Roman Republic.
Mayflower Compact
This amendment allows for peaceful protests.
1st Amendment