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5 Written questions

5 Matching questions

  1. Mixed Economy
  2. Protectionism
  3. Entitlement Programs
  4. Proportional Tax
  5. National Environmental Policy Act (NEPA)
  1. a Economic policy of shielding an economy from imports.
  2. 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%.
  3. c Government benefits that certain qualified individuals are entitled to by law, regardless of need.
  4. 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.
  5. 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

  1. Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions.
  2. The federal agency created during the New Deal that regulates stock fraud.
  3. A report required by the National environmental policy act that specifies the likely environmental impact of a proposed action.
  4. As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs.
  5. 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

  1. WealthThe amount of funds collected between any two points in time.


  2. Antitrust PolicyA policy designed to ensure competition and prevent monopoly, which is the control of a market by one company.


  3. 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.


  4. Regressive TaxA 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.


  5. IncomeThe amount of funds collected between any two points in time.


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