Across
- 2. examples include parks and schools, provided for all to use by the government to promote positive externalities
- 3. faces no competition, sole provider of the product
- 4. government payments to diminish the cost of something so it remains obtainable by many
- 8. tax that increases as your income increases, income tax is an example
- 12. having too much
- 13. act that amended the Civil Rights Act, also calls for employers to provide equal employment opportunities to anyone of a protected class.
- 14. confidence in the stock market is low due to steady decline
- 17. taxes on imports, trade barriers
- 20. tax that decreases the more you make.
- 21. tax applied to the sell of an asset for profit
- 24. security largest section of mandatory spending, given as an entitlement to people over 65
- 25. also known as free market economy, factors of production are owned by private individuals, supply and demand are driving factors
- 29. bills that can only start in the House of Representatives, dealing with tax expenditures
- 30. economy ran by the government, all factors of production are owned by the government
- 31. disconnected side effects of an action, can be positive or negative
- 32. Center for Disease Control, administers flu shots
- 33. the lowest point on the business cycle
- 34. an action taken when a product is defective to either fix or replace the product
- 40. responsible for setting safety standards for the products we ingest
- 43. the largest source of revenue for state governments, comes from the federal government
- 46. proposes the initial budget to Congress
- 47. part of the federal budget that is implemented through appropriations bills but is not set by law
- 48. economic structure that focuses on sharing
- 49. temporary economic decline, a natural part of the business cycle, usually lasts about six months
- 50. Federal Trade Commission
- 51. economy based in bartering, follows ancient ways and usually is not very productive
Down
- 1. work to hinder fluctuations in Real GDP
- 5. 1890 act that was the first attempt at outlawing monopolies
- 6. money earned by the success of the company a share owner holds.
- 7. wage replacement and medical benefits for those injured on the job.
- 9. government involvement in the economy that prohibited workplaces from discriminating based on race
- 10. rate that measure those out of work, but are actively seeking a position
- 11. confidence is high in the economy, causing investors to buy stock
- 15. products sent to other countries
- 16. is an example of legislation that increased employment opportunities for people with disabilities through government involvement
- 18. the government's influence on the economy by adjusting tax rates and spending
- 19. expenditures exceed revenue
- 22. another name for economic growth on the business cycle
- 23. trade barrier that limits the amount of a good that can enter a country
- 26. examples include Social Security and interest on the national debt
- 27. the combining of two businesses
- 28. Environmental Protection Agency
- 35. tax that remains at the same rate no matter how much you make
- 36. products brought in from other countries
- 37. world organization that promotes peace and free trade
- 38. another word for income, the money brought in
- 39. antitrust law from 1914 prohibiting monopolies
- 41. increases productivity because you can focus on what you are good at
- 42. partial ownership in a company
- 44. national health insurance for the elderly
- 45. highest point of the business cycle