State and federal public assistance program that helps pay the cost of ealth care for low-income and disabled persons
What is medicaid
100
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What is demerit goods
100
A major source of federal revenue
What is personal Income tax
100
Public goods
What is goods and services that government supplies to its citizens; can be used by many individuals at the same time without reducing the benefit each person receives
100
Step one
What is Executive branch agencies request funds
200
Year by which accounts are kept: Oct 1 to Sept. 30
What is fiscal year
200
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What is budget decifit
200
Takes a large percentage of lower incomes than of higher incomes
What is Regressive tax
200
Welfare
What is a type of public assistance program
200
Fiscal year
What is Oct. 1 to September 30
300
Public-works projects
What are publicly used facilities built with government funds.
300
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What is inheritance
300
Paid by the consumer on alcohol, tobacco and gasoline
What is excise tax
300
Supervision labor and management relations
What is a regulatory function of governemnt
300
The federal government creates new debt by
What is issuing new securities.
400
Government programs that pay benefits to retired and disabled workers, their families and the unemployed
What are social insurance programs
400
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What is Office of Management and budget
400
Customs duties
What is tax on imports: paid by the importer
400
Merit goods should be provided by private organizations
What is a criticism of government involvement in the economy
400
The largest portion of the federal budget is spent on
What is Income security, social security and medicare
500
Economic side effects or by-products tha affect an uninvolved third party; can be negative or positive
What is externalities
500
SSi
What is supplemental Security Income
500
Tax paid on stocks and bonds
What is property
500
Created the school of economic thought which supports the use of government spending and taxing to help the economy
Who is John Maynard Keynes
500
The five largest categories of federal government expenditures
What Income security, social security, and medicare, National Defense, Interest, Health, and other