Personal Finance and Career
These are important aspects of selecting a career.
Talents, interest, and aspirations.
These are made to protect public health and safety and protect competition.
Government agencies
This is the main job of the Fed.
What is acting as the US' central bank?
This amendment allows Congress to tax income.
What is the 16th Amendment?
The government uses tax revenue from this part of the circular flow model to provide public goods and services.
What is business or households?
This is important to keep on track of when updating skills for the workforce.
What are technological skills?
This helps define and enforce property rights
The government
The Federal Reserve regulates these to ensure the safety of deposits.
What are banks?
Payments made by individuals and corporations based on income received
What is income tax?
When households spend money, the income is used by households to purchase goods and services by businesses to purchase these.
What are resources?
Career planning starts with this.
What is self-assessment?
This agency protects the environment:
EPA
These are the leaders of the Fed.
The Chairperson and the Board of Governors.
List services the federal government provides from tax revenue
national defense, homeland security, Medicare, Social Security, National Debt
Businesses buy resources and make these that are sold to individuals and households.
What are products?
Making careful spending decisions, saving and investing for the future, and using credit wisely are aspects of being this.
These are two agencies that protect labor:
OSHA and EEOC
This is how the Chairperson gets their job.
List services that state and local government provide from tax revenue.
education, welfare, road construction, police and fire departments
This section of circular flow own the resources used in production, sell resources, and use the income to purchase products.
What are households?
There is a correlation between having a higher income and this.
What is having a higher education?
These are two agencies that protect consumers:
CPSC and FDA
List three jobs of The Fed
Regulates banks
Keeps economy stable
Provide financial services to banks
Influences money supply and interest rates
These are the three levels of government
Federal, state, local.
Households, government, businesses.
Money, goods/services.