5 Written Questions
5 Matching Questions
- Proportional Tax
- Unemployment Rate
- Multinational Corporations
- National Environmental Policy Act (NEPA)
- a A fund created by Congress in 1980 to clean up hazardous waste sites. Money for the fund comes from taxing chemical products.
- b 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.
- c As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs.
- d Businesses with vast holdings in many countries, many of which have annual budgets exceeding that of many foreign governments.
- e 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%.
5 Multiple Choice Questions
- The increasing concentration of poverty among women, especially unmarried women and their children.
- International organization that regulates international trade.
- The principle that government should not meddle in the economy.
- The main instrument for making monetary policy in the United States. It was created by Congress in 1913 to regulate the lending practices of banks and thus the money supply.
- The federal agency created during the New Deal that regulates stock fraud.
5 True/False Questions
Means-Tested Programs → Government programs available only to individuals below a poverty line.
Protectionism → Economic policy of shielding an economy from imports.
Mixed Economy → The amount of funds collected between any two points in time.
Health Maintenance Organization (HMO) → International organization that regulates international trade.
Environmental Protection Agency (EPA) → An agency of the federal government created in 1970 and charged with administering all the government's environmental legislation. It also administers policies dealing with toxic wastes. It is the largest federal independent regulatory agency.