Show:
That stuff you taught us
But that was like 3 months ago
Bruh....
tax
He's an economist
100
When a company receives additional money from the government to produce a good, or provide a specific service.
What is a subsidy?
100
This is another name for a free enterprise system
What is capitalism/ market economy
100
When an employee does less than what is expected of them in a job.
What is shrinking?
100
When everyone is taxed the same
What is flat tax/ proportional tax?
100
He said that there should be a redistribution of wealth
Who is Karl Marx?
200
When the bank holds only a fraction of the money deposited
What is fractional reserve banking?
200
When you own this in a company, you own equity in it
What is a stock?
200
When a good or service is counted twice in the GDP.
What is double counting?
200
When you are taxed according to the high income you make
What is progressive tax
200
This person believed that greed is the driving force in economy.
Who is Adam Smith?
300
The only item subtracted when computing GDP
What is import spending?
300
The author of the Wealth of Nations
What is Adam Smith
300
This is considered a legal entity as a person and can be sued, and conduct business as such
What is a corporation?
300
When the government spends more from taxes than it earned
What is deficit spending?
300
This economic theory believes that money needs to be pumped into the economy in order to ensure that it fixes itself.
What is Kenysian Economics?
400
The Congressional budget begins with this person
Who is the president?
400
When the government declares the minimum price for a good
What is a price ceiling?
400
Determines the money supply in the United States
What is the Fed?
400
This fiscal policy raises taxes while lowering government spending.
What is contractionary fiscal policy?
400
A bundling of stocks where the buyer buys multiple shares instead of one company's stock
What is a mutual fund?
500
The purpose of government in a capitalist economy.
What is enforcement of contracts
500
The willingness and ability of sellers to produce and offer to sell different quantities at different times at different prices.
What is supply?
500
What is the said at the top of any dollar bill
What is "federal reserve note"?
500
The advantage of having a proprietorship is that you do not pay this tax
What is corporate tax?
500
The initial offering of stock to the public
What is an IPO (Initial Public Offering)