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economic vocab
the FED
free trade
consumerism
labor
100
The percentage of Americans seeking work who are unable to find it
What is unemployment rate
100
The number of people on the Board of Governers of the Federal Reserve Bank
Seven
100
passing a tariff to protect industry at home is called
What is protectionism
100
He became the big champion for consumers in the 1960's
Who is Ralph Nader
100
One of the successes that labor unions have had over the years
What is unemployment compensation or minimum wage law
200
Sending American jobs overseas is known as
What is outsourcing
200
The type of policy that the Fed is in charge of regulating
What is monetary policy
200
The international organization spearheaded by President Clinton, which punishes protectionist restrictions
What is World Trade Organization
200
The government economic principle of consumerism used to be
let the buyer beware
200
Anti-trust legislation is designed to do this
What is prevent monopolies
300
economic inter-dependence between most advanced democracies
What is globalization
300
the Federal Reserve system has how many branch banks nationwide?
12
300
with free trade, some think companies will compete for low cost labor, creating a
What is race to the bottom
300
The agency created to regulate stock fraud
What is Securities and Exchange Commission
300
A major change in government policy toward labor took place during this time
What is New Deal/Great Depression
400
When the economy experiences two consecutive quarters of negative growth
What is recession
400
the rate at which banks must keep money on hand in their vaults
What is reserve rate
400
support for a reduction in protectionism has come mostly from
What is republicans
400
The first major consumer protection policy in the United States
What is Food and Drug Act
400
Allowing a labor union the ability to represent the people and negotiate better working conditions, wages, etc.
What is collective bargaining
500
When the government takes a hands-off policy regarding the economy
What is Laissez-Faire economics
500
the rate at which banks can borrow money from the Fed
What is discount rate
500
Main reason for the delay in free trade between the U.S. and China
What is China's human rights violations
500
the Consumer Product Safety Commission is this type of agency
What is Independent Regulatiory Agency
500
A prohibition on labor contracts that require workers to join labor unions
What is right to work laws