Match-It
A-Paradox of Value:
B-Land:
C-Capital:
1. Natural resources not created by human efforts.
2. tools, equipment, and factories used in the production of goods and services
3. apparent contradiction between the high value of a nonessential item and the low value of an essential item
What is
A3
B2
C1
Privately owned, publicly controlled, central bank of the United States
Federal Reserve System (Fed)
Where does the US Government receive the power/authority to impose taxes?
Abraham Lincoln
The Constitution
The Bill Of Rights
The Treaty of Versailles
2. The Constitution
What are Stocks
Stock: certificate of ownership in a corporation
What classroom is Goodsell in
Room124
A-Labor:
B-Entrepreneurs:
C-Great recession:
1. individuals who introduce new products or services in search of profit
2.people with all of their abilities and effort
3. severe economic downturn that lasted late 2007 through mid-2009
What is,
A2
B1
C3
A federal healthcare program for senior citizens, regardless of income
Medicare
What is the main source of government revenue?
Federal Income Tax
Corporate Donations
Foreign Nation Debts
Drug Busts
What is a Strike
Strike: union-organized work stoppage designed to gain concessions from an employer
What side is Mr.Goodsell. Democrats or Republicans
Democrats
A-Market demand curve:
B-Law of demand:
C-Break-even point:
1. demand curve that shows the quantities demanded by everyone who is willing and able to purchase a product at all possible prices at one moment in time
2. rule stating that more will be demanded at lower prices and less at higher prices
3. production level where total cost equals total revenue
What is,
A1
B2
C3
Branch of the U.S. Treasury Department that collects taxes
Internal Revenue Service (IRS)
How can changes in technology make it difficult for people to get jobs?
Their skills and education may no longer be useful compared to modern technology.
Government approval is sometimes needed before companies can hire for related roles.
Because new technology can shift job demand toward rural areas where fewer people are available to work.
Advanced tech changes increase competition, making companies want to look for short-term contracts.
Their skills and education may no longer be useful compared to modern technology.
What is Minimum Wage
Minimum wage: lowest legal wage that can be paid to most workers
What subject does Mr.Goodsell teach
U.S. Gov and Econ
A-Biofuels:
B-Surplus:
C-Monopoly:
1. market structure characterized by a single producer
2.a fuel created from living materials
3. situation where quantity supplied is greater than quantity demanded at a given price
What is,
A2
B3
C1
Three-member group that devises strategies and advises the President of the United Sates on economic matters
Council of Economic Advisers
Companies and occasionally tax-fearing individuals may move parts of their operations (ex. bank accounts) to other countries, this practice is known as ___
Capital Outsourcing
Economic Displacement
“Mousing”
Offshoring
4. Offshoring
What are Bonds
Bond: formal contract to repay borrowed money and interest on the borrowed money at regular future intervals
Where does Mr.Goodsell live
Burbank
A-Sole proprietorship:
B-Labor union:
C-Conglomerate:
1. organization that works for its members’ interests concerning pay, working hours, health coverage, etc
2. firm with four or more businesses making unrelated products
3. unincorporated business owned and run by a single person who has rights to all profits and total liability for all debts
What is,
A3
B1
C2
Federal program of disability and retirement benefits that covers most working people
Social Security
Which of the following is true regarding GDP (Gross Domestic Product)?
GDP includes unpaid work like housework and volunteer labor.
GDP increases when people save more and spend less.
GDP measures the total value of all goods and services produced in a country during a specific time period.
GDP only measures the earnings of large corporations in the nation.
3. GDP measures the total value of all goods and services produced in a country during a specific time period.
What are Equities
Equities: stocks that represent ownership shares in corporations
What does Mr.Goodsell's license plate say
Goodsell