Government pays for education, health services and federal jobs.
What is public goods
100
the right to use a good, the right to earn income from the good, the right to transfer the good to others, the right to have law enforcement
What is protect property goods
100
the exclusive possession or control of the supply or trade in a commodity or service.
What is monopoly
100
money received, especially on a regular basis, for work or through investments.
What is income
100
place where the nations income taxes go for later use
What is federal reserve bank
200
NYPD, APD , FBI, SWAT, CIA
What is law enforcement
200
the biggest market crash in the U.S.
What is the great depression
200
Government sets clear and transparent ground rules and ensures that markets are competitive
What is maintaining competition
200
to spread to other areas
What is redistribution
200
The Fed buys and sells bonds on the open market to inject money into the economy and slow it down when the economy is growing to fast and inflation is high. This is used the most often but has the least effect.
What is open market operations
300
goods that are used in producing other goods, rather than being bought by consumers.
What is capital goods
300
this function is carried out mainly by promotional agencies like the economic development board
What is facilitating businesses
300
ex: delta vs. southwest airlines
ex: Mc Donald's vs. Chick-fil-a
What is horizontal integration
300
a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.
what is taxes
300
This is the rate that banks borrow from the fed in times of low capital.
What is direct control over the Feds Funds rate
400
a system for interpreting and enforcing the laws
What is legal system
400
the government facilitates businesses including foreign investors
What is correct market failures
400
a government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
What is patent
400
labor work, taxes and pay
How is income distribute
400
is a state in which the financial system, has the key to financial markets and the financial institutional system is resistant to economic shocks
What is financial stability
500
County/ state court, trial court, appellate court, & supreme court
What is the Judicial System
500
In the early 1900's the United States had lack of supplies which led to The Great Depression
What is scarcity?
500
The government doesn't help companies grow in size and don't give money if going out of business
What is laissez faire?
500
A high income earner will pay a higher income tax rate than a low income earner
What is progressive income tax?
500
A package or set of measures introduced to stabilize a financial system or economy