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Defintion 1
Government Programs
Cycles
Public or Private?
Defintion 2
100
This is the study of behavior and decision making of entire economies
What is macroeconomics
100
provides payment to the unemployed
What is unemployment insurance
100
situation in which goods are not evenly distributed
What is market failure
100
part of the economy the involves transactions of individuals and businesses
What is private sector
100
direct payment of money to the poor and disabled?
What is cash transfer
200
An income level that is below what is needed to support families / households
What is poverty threshold
200
government aid to the poor
What is welfare
200
period of macroeconomic expansion followed by period of contraction
What is business cycle
200
the concerns of people as a whole
What is public interest
200
GDP stands for
What is Gross National Product
300
Part of the economy that involves the transactions of individuals and businesses
What is private sector
300
federal money given to states to distribute how they would like
What is TANF
300
an economic side effect of a good or sevice that generates benefits or costs to someone other than the person deciding how much to produce?
What is externality?
300
laws and standards that on topics of public interest
What is public policy
300
study of economic behavior and decision making of small units
What is microeconomics
400
goods and services provided by the government at greatly reduced prices
What is in kind benefits
400
goverment health aid to the elderly?
What is medicare
400
the total value of all goods and services produced in an economy
What is GDP
400
laws requiring companies to provide full information about their products
What is public disclosure laws
400
private organization that tries to persuade public officials to vote or act according to the group's interest
What is public interest group
500
someone who would not choose to pay for a certain good or service, but gets the benefits
What is free rider
500
Medical insurance to the poor
What is medicaid
500
government aid to the poor
What is welfare
500
goods such as highways, libraries, and parks
What is public goods
500
direct payments of money to eligilbe poor people
What is cash transfer