Trade
a tax levied by a government on imported goods
What is a Tariff?
What is a Debit Card?
SSA stands for...
What is Social Security Administration?
This economist was seen as the father of the modern economic system.
Who is Adam Smith?
This President served four terms in office
Who was Franklin D. Roosevelt?
international trade without tariffs, quotas, or other restrictions.
What is Free Trade?
The ability to borrow money with the understanding that payment will be made later
What is a Credit Card?
The age of retirement
What is 67 years old?
This Economist is from France and believed that Mercantilism was the best system
Who is Jean-Baptiste Colbert?
These programs were put in place by Franklin Roosevelt to help end the Great Depression
What was the New Deal
Passed in 1930, significantly increased tariffs in the United States, but made the Great Depression worse
What was the Smoot Hawley Tariff?
The Central Bank for the United States
What is the Federal Reserve?
A retirement account where you get a tax break before savings
What is IRA?
This economist believed different countries has different advantages and can help one another.
Who is David Ricardo?
The President before FDR
Who is Herbert Hoover?
What is Comparative Advantage?
A member-owned, non-profit financial institution
What is a Credit Union?
A retirement account where you get a tax break after savings
What is a Roth IRA?
This economist advocated for government intervention in the economy to help it get better.
Who is John Maynard Keynes?
TVA was a New Deal Program which stood for what?
What is the Tennessee Valley Authority
This Dutch trading company became the richest business in the 1600s. This company was worth $8 Trillion Dollars
What was the Dutch East India Company?
This organization insures deposits and savings in banks
What is the FDIC?
The amount the government spends on Social Security
How much is $1.7 Trillion Dollars?
This economist advocated for limited government and maximum economic freedom
Who is Milton Friedman?
FDIC was a New Deal Program which stands for what?
What is the Federal Deposit Insurance Corporation?