Market Structures
When a company controls more than 50% of the market
What is a monopoly?
The lowest you can pay someone in CA
What is $15.50/hr?
Governments main source of income?
What is taxes?
Roads, schools, police, public services.
What services is the government responsible for?
When one person moves from one country to another.
What is immigration?
When a few companies own a large percentage of a market
What is an oligopoly?
The wage that can pay for all necessities
What is a livable wage?
When the government takes money from you
CA uses this tax pay for most of its schools
What is property tax?
When you are forced out of a country?
What is pull immigration?
Who is Rockefeller
Education, skill level, and expertise
What is factors of wages?
When the government taxes the poor more than the rich
When the government gives a financial benefit to a company or industry to incentivize it.
What are subsidies?
When you are groomed into a country
What is pull immigration?
When products differ in quality and price
Federal minimum wage
What is $7.25/hr?
A tax system that has brackets where the money in each bracket is taxed by a progressive rate
What is a progressive tax?
The U.S. spends $801 billion/yr on this
What is U.S. military spending?
Physically leaving, illegal to leave, racism, languages, new documents
What challenges do immigrants face?
When a market is full of identical products, where only the price is different
What is perfect competition?
Federal wage with tips
What is $2.13/hr?
An income tax levied against visitors to a city or state who earn money in that jurisdiction
What is Jock Tax?
This was originally introduced in CA in the 80s to help pay for schools.
What is the CA state lottery?
When people move out of a country for education