A limit on the quantity or monetary amount of a product that can be imported from a given country.
What is quota
100
is a tax levied on the sale or consumption of specific products or commodities such as alcoholic beverages, telephone service, airline tickets, gasoline
What is Excise Tax
100
Give an example of a common market
What is the E.U.
100
Most people are excluded from making the rules by which they live.
What is Totalitarian System
100
The process whereby people function as good citizens and are sensitive to their surroundings
What is Social Responsibility
200
A government policy of protecting local o domestic industries from foreign competition.
What is protectionism
200
What is the CT sales tax rate?
What is 6.35%
200
Which countries are included in the NAFTA agreement
What is U.S.A, Mexico, Canada.
200
All citizens have the opportunity to take part in making the rules that govern them.
What is Democracy
200
When a government takes control and ownership of foreign-owned assets and companies.
What is expropriation
300
A tax placed on product that are traded internationally.
What is Duty or tariff
300
What taxes come out of your paycheck?
Income, FICA, Medicare, State Tax (if you live in a state that has income tax)
300
L.A.I.A is an agreement among which countries.
What is Latin American Countries
300
The means by which people in a society make the rules that control and influence their lives.
What is Political System
300
A tax accessed on the increase in value of goods from each stage of production to final consumption
What is VAT tax.
400
A government issued an absolute restriction on the import of certain products from certain countries.
What is boycott
400
What does FICA stand for
What is Federal Insurance Contributions Act
400
Is a designated area usually around a seaport or airport where products can be imported duty free
What is free trade zone.
400
Most political systems are considered______.
What is Mixed.
400
Sales tax is consider what type of tax.
What is regressive
500
What are the benefits to free trade? Name at least 2
lower prices, better relations with foreign countries, comparative advantage, better use of resources
500
How many tax brackets currently exist in the federal income tax code?
What is 7
500
In what year did the WTO replace the GATT
What is 1995
500
Who is the dictator of North Korea
Kim Jong Un
500
List 3 states that do not have income tax.
Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming, New Hampshire