Show:
Taxes & Taxation
Measuring the Economy
Fiscal/Monetary Policy
U.S. & Global Economy
Costs/Benefits of Globalization
100
Equity, Certainty, Convenience, & Efficiency
What are Adam Smith's Four Tax Maxims?
100
an increase in the overall price level of goods and services produced in an economy
What is inflation?
100
when the government spends more money that it collects in revenue
What is deficit spending?
100
goods sold domestically from other countries
What is an import?
100
WTO, UN, WB, IMF
What are international organizations?
200
tax that takes the same share of income at all income levels
What is a proportional tax?
200
the market value of all final goods/services produced within a country during a given time period
What is GDP?
200
government action regarding taxing and spending
What is fiscal policy?
200
goods/services sold in other countries produced in the U.S.
What is an export?
200
organizations that focus on helping lift people out of poverty around the world
What is a NGO?
300
tax that takes a larger share of income as income increases
What is a progressive tax?
300
the percentage of the labor force that is not employed but actively seeking work
What is the unemployment rate?
300
economics focused on the decisions and producers and consumers in a free market
What is classical economics?
300
"we're not trading with North Korea"
What is a trade embargo?
300
the production of goods for export as a way of expanding an economy
What is export-led development?
400
tax that takes a smaller share of income as income increases
What is a regressive tax?
400
when businesses shut down or slow down for part of the year
What is seasonal unemployment?
400
regulating the $$$ in circulation
What is monetary policy?
400
"We have to tax all the avocados you bring from Mexico"
What is a protective tariff?
400
meeting people's needs without harming the future generation
What is sustainable development?
500
April 15th
What is the tax filing deadline?
500
decline in economic activity lasting at least six months
What is recession?
500
Economic school of thought that government intervention is necessary for a stable economy
What is Keynesian Economics?
500
$1=19 pesos
What is the exchange rate?
500
imposing one countries culture/language on another country
What is cultural imperialism?