Vocabulary
Actions that control the money supply in an act of promoting economic growth
What is monetary policy?
The tax paid on real estate or other forms of owned property
What is property tax?
This agency oversees food, drugs, medical devices, and vaccines
What is the FDA?
Government agency that oversees safety and health in the workplace
What is OSHA?
FDA
What is the Food and Drug Administration?
What are public goods?
The tax levied by the government on earnings and collected by the IRS
What is income tax?
This agency focuses on regulating waste disposal and restricting greenhouse gases and pollutants
What is the EPA?
A civil rights law that prohibits discrimination against individuals with disabilities
What is the ADA?
SBA
What is the Small Business Association?
Funding a business by raising small amounts of money online from large quantities of people
What is crowdfunding?
These taxes only charge the end user of a good or service and can differ by region
What is sales tax?
This agency protects the public from products that could pose as safety hazards
What is the CPSC?
A labor law that requires employers to provide employees with protected and unpaid leave for medical/family reasons
What is FMLA?
ADA
Strategies that change spending or taxes to influence economic conditions
What is fiscal policy?
These taxes include income, Social Security and Medicare, and unemployment taxes
What are payroll taxes?
This agency helps protect customers and promote competition which results in low, fair pricing
What is the FTC?
Government agency that enforces civil rights laws against workplace discrimination
IRS
What is the International Revenue Service?
A market structure where there is only one buyer
What is a monopsony?
This type of tax is often used to discourage people from buying certain goods that are considered unnecessary or harmful
What is excise tax?
This agency oversees the stock market and protects investors
What is the SEC?
A labor law that provides wage and hour standards for most employers
What is FLSA?
FBI
What is the Federal Bureau of Investigation?