Taxes fall under this category of policy?
What is Deficit.
When countries trade products with each other
What is Globalization?
This refers to how economic variables are distributed—among individuals in a group, among groups in a population, or among countries
What is Inequality
Minimum Wage
What is a Price Control
Interest rates fall under this catergory
What is Monetary policy
What is Debt
When countries trade good and services with other countries
What is Globalization
All children are able to receive a free K-12 education in America. Not all children can receive a free education in the Congo.
What are Price Controls
Reserve requirements fall under this category
What is monetary policy
This is the cumulative amount of all current and past due deficits
What is debt
What is the main reason countries trade with each other.
What is specialization of labor.
What is income inequality.
There is a price ceiling on candy bars, what happens to supply?
What is a shortage
What is Monetary policy
What is Debt shrinking
China makes athletic shoes faster and more inexpensively than we do. We grow soybean more abundantly than China does
What is specialization of labor
What is health inequality.
What is a surplus
What is Fiscal policy
When the government runs a deficit.
What is debt increases
This is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
What is Specialization
What is Education inequality
When there is no government involvement with price controls the market will usually gravitate toward this.
What is equalibrium.