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What is economics?
making, distributing, and using goods and services
In the processing of wheat, what does an aspirator do?
blows away dust and tiny impurities
What is the tax that is added to the purchase price of a product?
sales tax
In 2011 ____________ by the federal government was greater than its __________________.
1. spending
2. Revenue
What is a market?
anywhere goods and services are bought and sold
What is the main way that the government pays for what it does?
taxes
What is moving products from one location to another called?
distribution
What is the first step in making flour?
growing
What does the letter and number in the seal on a dollar bill tell you?
for what federal reserve bank it was printed
From what kind of taxes does over half of Federal revenue come from?
income tax
What is the money that a bank pays to customers when they keep their money at the bank called?
interest
What is the second step in making flour?
harvesting
Whose signature appears on every dollar bill?
the treasurer of the US
What is a major source of revenue for states?
sales taxes
What do the letter and number combinations on money designate?
Federal Reserve Banks
what is the third step in making flour?
milling
An average acre produces how many bushels of wheat?
37
What is the most important source of revenue for county governments?
property taxes
What is the greatest source of revenue for the Federal government?
personal income tax
What is the 4th step in making flour?
bagging