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Taxes: The Other Life Certainty
Fiscal Policy: The Government's Economic Game Face
Fed at the Head: The Federal Reserve and Monetary Policy
International Trade: It's Noble Going Global
Globalization: Come Together Right Now
100
True or false: you can blow off your taxes and not pay them.
What is false?
100
It's the definition of fiscal policy.
What is how the federal government influences the economy?
100
It's the Federal Reserve's primary role for our country.
What is the central bank of the United States?
100
It's the comparison of value between two country's currencies
What is exchange rate?
100
It's the central goal of globalization.
What is a more interconnected and diverse economic world?
200
It's what the government receives when it collects taxes.
What is revenue?
200
It's the action the government takes to increase the economy by increasing spending and cutting taxes.
What is expansionary fiscal policy?
200
The Federal Reserves makes these for our currency (AKA federal reserve notes)
What are dollar bills?
200
It's when a business moves its operations to another country.
What is offshoring?
200
It's the way a country provides for its people.
What is development?
300
You need to fill this document out to figure out how much of your income is taxable (you get some back, though).
What is a tax return?
300
It's what the government uses to reduce economic growth by decreasing spending and increasing taxes.
What is contractionary fiscal policy?
300
It's the definition of monetary policy
What is influencing the economy using the money supply?
300
A country bases its role in international trading on these two concepts.
What are absolute and comparative advantage?
300
This is a nation that has a high degree of material well-being (i.e. a first-world country is an examples of this)
What is a developed nation?
400
These are taken out of your paycheck before you receive it.
What are withholdings?
400
It's what the government uses to make and enforce fiscal policy.
What is spending and revenue?
400
It's what the Fed uses when it wants to influence the economy by increasing the money supply.
What is an expansionary monetary policy?
400
Tariffs, sanctions, and embargoes are all examples of these.
What are trade barriers?
400
It's when a country uses aid from another country to develop itself (e.i. it gets overseas help)
What is external development?
500
It's the additional (read: small) amount of money you're charged when buying an item.
What is sales tax?
500
It's worth trillions of dollars to the federal government (and not in a good way).
What is the national debt?
500
It's the element that is important for monetary policy to work properly (or any policy that requires a lot of thinking, really).
What is timing?
500
It's when trade barriers are eliminated or eased to improve trading between nations.
What is free trade?
500
It's when a country uses its own money to fund its development.
What is internal investment?