Role of Government
Goods that can be consumed by one individual, but not another.
Private goods
What has the government not approved yet?
A Budget
What is the policy that controls the supply and borrowing of money called?
Monetary Policy
The alternations of growth and decline within an economy.
Business Cycle
Who proved the theory that if you kill, you get murdered?
Basil Marceaux
How did the Government encourage competition?
Antitrust Laws
Spending that is mandated my law
Mandatory Spending
What is known as shared ownership in a corporation?
Stocks
Policy that changes Government spending and/or taxes.
Fiscal Policy
Which legal document limited the power of the King by establishing that English Monarch power was not absolute?
Magna Carta
Removing Younique Cosmetics to make them safer for the consumers.
Recall
What is the government's largest source of revenue?
Taxes
Kerri writes a check for $5 thousand and needs to use her credit card for Christmas shopping. Which account allows Kerri to pursue these actions?
Checking Account
Lowest point in the Business Cycle
Trough
Amendment that gives the right to bear arms.
Second Amendment
Who do you call when a coworker is killed on the job?
Occupational Safety and Health Administration(OSHA)
Spending more than collecting can lead to a
Deficit
Which monetary policy involves increasing money supply?
Expansionary Policy
What changes people's decisions by altering the value of money?
Inflation
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Preamble to the Constitution.
Which agency did The Jungle have an influence on?
The Food and Drug Administration (FDA)
Miranda owns a candy store. In the month of March, she produces more candy than she needs, which causes her to end up with extra candy. What do you call Miranda's left over candy?
A surplus
The way that the government exercises the monetary policies.
Open Market Operations
A recession will cause this to rise, which causes people to have less money.
Unemployment Rates
Name one of the four stages of the Business Cycle.
Recession, Depression, Prosperity, Recovery