economic and political partnership between 28 European countries
What is the European Union?
100
started a postage stamp speculation, which created a new form of economic fraud
Who was Charles Ponzi?
100
authorizes the Council of Economic Advisors
What is the Employment Act?
100
one of the main goals of assisting people with welfare
What is child support?
100
the European Union created this form of currency
What is the Euro?
200
an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors
What is a Ponzi scheme?
200
President who was a harsh critic of the welfare system in America
Who was Ronald Reagan?
200
critics often call this a Ponzi scheme
What is Social Security?
200
one of the biggest cons regarding a Ponzi scheme
What is lack of money and collapsing?
200
the main goal of the Council of Economic Advisers
What is creating a better economy?
300
group within the executive office of the President that advises him/her on different economic issues
What is the Council of Economic Advisers (CEA)?
300
lost $50 billion and was sentenced to 150 years in prison
Who is Bernie Madoff?
300
a social health care program for families and individuals with low income and resources; integral part of the welfare system
What is Medicaid?
300
pro: the European Union makes this easier for European travelers
What is crossing borders?
300
stopped more often by the government after the Bernie Madoff scandal
What are Ponzi schemes?
400
union created before the European Union was officially created
What is the European Economic Community?
400
President chairman of the Council of Economic Advisers
Who is Jason Furman?
400
a United States federal law considered to be a fundamental shift in the method of federal cash assistance to the poor
What is the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA)?
400
pro: the European Union's prime position
What is global trade?
400
considered the central pillar of welfare in America; promotes the welfare of the population through assistance measures
What is Social Security?
500
often confused with the Ponzi scheme; schemer finds others to help distribute the product/idea
What is a Pyramid scheme?
500
first chairman of the Council of Economic Advisers
Who was Edwin G. Nourse?
500
provides cash assistance to indigent American families with dependent children through the United States Department of Health and Human Services; this cash benefit is often referred to as "welfare"
What is Temporary Assistance to Needy Families?
500
the Council of Economic Advisers biggest pro regarding the economy