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5 Written Questions

5 Matching Questions

  1. Earned Income Tax Credit (EITC)
  2. Collective Bargaining
  3. Labor Union
  4. Securities and Exchange Commission (SEC)
  5. Transfer Payments
  1. a A "negative income tax" that provides income to very poor individuals instead of charging them federal income taxes
  2. b Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions.
  3. c 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.
  4. d The federal agency created during the New Deal that regulates stock fraud.
  5. e An organization of workers intended to engage in collective bargaining

5 Multiple Choice Questions

  1. the policy that describes the impact of the federal budget-taxes, spending, and borrowing-on the economy
  2. An economic theory holding that the supply of money is the key to a nation's economic health. Monetarists believe that too much cash and credit in circulation produces inflation.
  3. A policy designed to ensure competition and prevent monopoly, which is the control of a market by one company.
  4. The increasing concentration of poverty among women, especially unmarried women and their children.
  5. Government benefits that certain qualified individuals are entitled to by law, regardless of need.

5 True/False Questions

  1. Consumer Price Index (CPI)The key measure of inflation that relates the rise in prices over time.

          

  2. Means-Tested ProgramsGovernment programs available only to individuals below a poverty line.

          

  3. InflationThe amount of funds collected between any two points in time.

          

  4. Keynesian Economic TheoryThe theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs. Proponents of this theory advocate using the power of government to stimulate the economy when it is lagging.

          

  5. Water Pollution Control Act of 1972The law that charged the Department of Transportation with the responsibility to reduce automobile emissions.

          

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