| A | B |
|---|
| an electric company that serves an entire state is an example of what? | public good |
| How does the economy grow? | in alternating periods of growth and decline |
| What happens during a recession? | GDP decreases |
| Why was American Telephone and Telegraph broken up by the government? | It had an unfair monopoly |
| People 16 years old or older who are working or looking for work. | civilian labor force |
| Provides lower tax rate for low-income families. | Progressive income tax |
| People who are working or looking for work. | civilian labor force |
| Monopoly that is regulated by the government. | natural monopoly |
| 3 factors that influence income. | 1) education 2) family wealth 3) discrimination |
| Income tends to increase when? | education levels increase |
