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100
work beyond the time of regular day or week
What is overtime?
100
The Constitution outlined a _____________ economy for the US.
What is capitalist?
100
legally prohibit
What is a ban?
100
in the 1930's we had the Great _________.
What is Depression?
100
True or False: WE need competition for our economy.
True
200
True or False? Hong Kong, USA, Germany have economies that are communist.
False, they are capitalist.
200
Government takes your cows and sells you milk
What is Fascism?
200
Soviet Union's economy
What is Communist?
200
Government takes your cows and shoots you
What is Nazism?
300
not enough goods to meet needs and wants
What is scarcity?
300
returns to normal
What is recovery?
300
to produce large quantities of goods by machine
What is manufacture?
300
Many jobs and spending money
What is prosperity?
300
severe slowdown of business and almost no jobs
What is depression?
400
economic decline
What is recession?
400
tax on imports or exports
What is tariff?
400
refers to how much (quantity) of a product or service is desired by buyers.
What is demand?
400
represents how much the market can offer.
What is supply?
400
Countries that use this type of economic system are often rural, poor and farm-based
What is traditional economy?
500
an advocate of government economic protection for domestic producers through restrictions on foreign competitors
What is protectionist?
500
The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. "The Banker's Bank"
What is Federal Reserve System?
500
a general increase in prices and fall in the purchasing value of money.
What is inflation?
500
limits the amount of imported goods allowed into a country
What is a quota?
500
an object that people want that they can touch or hold
What is a Good?