International Trade
Why do nations trade?
What is to manage scarcity of resources?
What is maple syrup?
Which tax do you pay when you die?
What is estate tax?
What is mandatory spending?
What is the amount of money that is automatically taken from any federal budget due to law demanding that these payments be made?
Which financial institution pools the saving of several individuals in order to make investments in the wider economy?
What is a mutual fund?
What are some examples of trade protectionism?
What is tariffs, embargos, quotas, and voluntary export restraints?
Who is the United States largest import partner?
Who is China?
Which tax acts as a negative incentives on goods that the government disapproves of?
What is an excise tax?
What is discretionary spending?
What is the money that congress decides to spend by passing a budget?
Which financial institution is a private investment fund that uses risky strategies but can have larger gains?
What is a Hedge Fund?
What are trade blocs?
What is a collections of countries that come together to create a free trade zone that can negotiate as a collective?
What type of unemployment can by caused by global trade?
What is structural unemployment?
What type of tax acts as a regressive tax on goods that are sold?
What is sales tax?
What does the United States spend most of their budget on?
What is social security?
Which stocks are held so that a person will be able to be on the board of directors or even own the company
What is common stock?
What is the largest trade bloc in the world?
What is European Union?
What are examples of countries that are too large in order to sanction over human right violations?
What are Russia, China, Iran, and South Africa?
What type of tax strategy is income tax?
What is the largest discretionary expenditure?
What is national defense?
What stock is held by a person who agrees to be a silent partner in exchange for a guaranteed return minimum?
What is preferred stock?
What are some requirements for being in a trade bloc?
What is a military alliance, free movement, immediate citizenship, and use of bloc currency?
If Country A can produce either 5 Fish or 15 Corn. Country B can produce 4 Fish or 4 Corn. What is the opportunity cost for each country?
What is for Country A 1 Fish : 3 Corn. Country B 1 Fish: 1 Corn?
Daily Double
What are the four federal direct taxes?
What is income tax, social security, Medicare, and unemployment?
What are the three mandatory spending programs in the United States?
What is social security, Medicare, and Medicaid?
What would a decrease in real GDP or DPI indicate?
What is a recession?