5 Written questions
5 Matching questions
- Mixed Economy
- Entitlement Programs
- Proportional Tax
- National Environmental Policy Act (NEPA)
- a Economic policy of shielding an economy from imports.
- b A tax by which the government takes the same share of income from everyone, rich and poor alike- for example, when both a rich family and a poor family pay 20%.
- c Government benefits that certain qualified individuals are entitled to by law, regardless of need.
- d The law passed in 1969 that is the centerpiece of federal environmental policy in the U.S. This law established the requirements for environmental impact statements.
- e An economic system in which the government is deeply involved in economic decisions through its role as regulator, consumer, subsidizer, taxer, employer, and borrower.
5 Multiple choice questions
- Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions.
- The federal agency created during the New Deal that regulates stock fraud.
- A report required by the National environmental policy act that specifies the likely environmental impact of a proposed action.
- As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs.
- A controversial proposal before congress that would give patients certain rights against medical providers, particularly HMO's including the right to sue them.
5 True/False questions
Wealth → The amount of funds collected between any two points in time.
Antitrust Policy → A policy designed to ensure competition and prevent monopoly, which is the control of a market by one company.
Consumer Price Index (CPI) → Benefits given by the government directly to individuals. These may be either cash transfers, such as Social Security payments and retirement payments to former government employees, or in-kind transfers, such as food stamps and low-interest loans for college education.
Regressive Tax → A tax in which the burden falls relatively more heavily upon low-income groups than upon wealthy taxpayers. The opposite of a progressive tax, in which tax rates increase as income increases.
Income → The amount of funds collected between any two points in time.