| A | B |
|---|
| mediation | third party suggest a solution |
| arbitration | third party decides the issue |
| progressive tax | ability to pay-people that make more money should pay a greater percentage |
| regressive tax | paid on an equal percentage by everyone-unfair to those with less disposable income |
| income tax | money one earns-progressive |
| excise | placed on gas, alcohol, and cigarettes |
| tariffs | placed on imported items |
| revenue | money that is received |
| expenditures | money that is spent |
| deficits | spending more money that is brought in as revenue |
| balanced budget | never spending more than is received |
| interest | price paid to borrow someone's money |
