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Fundementals
Microeconomics
Macroeconomics
Personal
International
100
Limited Resources
What is Scarity
100
the graph dipicting the relationship between price of a certain commodity and the amount of it that consumers are willing to buy.
What is Demand Curve
100
Flat taxes, everyone pays the same tax
What is proportional taxes
100
protects an individual or business from risk
What is liability insurance
100
Free money to business.
What is Subsidies.
200
Study of how individuals, businesses and the government use their limited resources to satisfy their unlimited ones.
What is Economics
200
the quantity of a good that the producer plans to sell in the market.
What is Supply
200
the more money you make the more taxes you pay
What is progressive tax
200
Pays for medical and surgical bills( Wellcare/ PeachCare)
What is Health INSURANCE
200
china places an limit on US cars
What is Quotas
300
Diagram representing Maximum combinations of goods and services
What is Production Possibility Curve
300
Quantity, Price, Amount
What is factors affecting supply
300
poor people pay more sales taxes
What is regressive tax
300
Program by the SSA insuring a worker incase of mishaps.
What is Disability Insurance
300
the US does not trade with Cuba
What is Embargoes
400
Economy including private property, freedom of choice, and competition
What is A Market Economy or Capitalism
400
when the supply and demand curves intersect
What is Market Equilibrium
400
regressive tax proportional progresssive
What is the 3 types of taxes
400
a companys income
What is revenue
400
The US places a Tax on paper coming in to the country.
what is Tariffs
500
1. change in resource quantity/ quality 2 change in technology 3 change in trade
What is the 3 shifts of the PPC
500
Other things remaining the same, the quantity demanded of a good increases when prices fall and vice versa.
What is the law of demand
500
Contraction trough inflation decreasing GDP High Unemployment
What is Problems of the Economy
500
the action of spending funds
What is expenditure
500
Government revenue (taxes) and spending to influence the economy
What is Fiscal policy