Show:
Traits of Ecomony
Taxes
Spending
Types of Economies
Govt and Economy
100
Another term for owning something.
What is Private Property
100
Tax on the things that you buy at a stores.
What is Sales Tax
100
The plan for how the Government is going to spend the money it collects
What is Budget
100
Economy where most goods and services are provided by private companies
What is Market Economy
100
When one company controls an entire industry with no competition
What is Monopoly
200
This determines what the price of something will be
What is Supply vs. Demand
200
Tax that the government collects after a wealthy person dies
What is an Estate Tax.
200
When you spend more money than you take in
What is Deficit
200
Economy where the Government owns and offers all goods and services
What is Command Economy
200
Government agency created to stop companies from competing unfairly
What is FTC (Federal Trade Commission)
300
This motivates people to fulfill their wants and needs.
What is Self-Interest
300
Tax on the money you earn
What is Income Tax
300
When you spend less then you take in
What is Surplus
300
Economy where both government and private companies provide all the goods and services
What is Mixed Economy
300
Tax on products that were produce in other countries and imported into the USA
What is a Tariff.
400
When more than one company is fighting for your business
What is Competition
400
Tax on the land that you own.
What is Property Tax
400
What is the biggest category for spending for the US Governmnent.
What is Social Securitys
400
In the USA, we have this type of economy
What is mixed or market
400
The First Anti-trust act
What is Sherman
500
The Governments main role is not to tell people what to produce but to make sure that the market is _________
What is Fair
500
tax that only applies to certain products like alcohol, tobacco and oil
What is Excise Tax
500
The second largest category for Government Spending. It is discretionary, meaning congress decides on it each year
What is Defense
500
In Russia, they have this type of ecomony
What is Command or mixed
500
the anti trust act of 1914
What is Clayton