Java Games: Flashcards, matching, concentration, and word search.

Chapter 11

AB
Antitrust lawsLaws designed to promote competition and fairness and to prevent monopolies.
ContractAn agreement to exchange goods or services for something of value.
CopyrightProtection of the work of quthors, composers, and artists.
Interstate commerceBusiness transactions involving companies in more than one state.
Intrastate commerceBusiness transactions involving companies that do business only in one state.
MonopolyA business that has complete control of the market for a product or service.
PatentThe exclusive right given to a person to make, use, or sell an invention for a period of 17 years.
Public utilityA business that supplies a service or product vital to all people and whose prices are determined by government regulation rather than competition.
Public serivesEfforts of government, such as fire and police protection, which benefit citizens.
TrademarkA word, letter, or symbol associated with a specific product or company.
RevenueGovernment income.
DeficitA situation that exists when government spends more then it collects.
Direct taxA tax that cannot be passed on to someone else.
Estate taxIncome that government receives form taxes and other sources.
Excise taxA tax on certain goods and services, generally included in the price of the item.
Gift taxA tax imposed when an individual receives an amount of money or property greater than $10,000.
Income taxA tax levied on the earnings of individuals and corporations.
Indirect taxA tax that is passed on to someone else for payment.
Inheritance taxA tax based on the value of property or the amount of money received from a person who has died.
National debtThe amount of money owed by the federal government.
Progressive taxA tax whose rate increases as the amount taxed increases.
Property taxA tax based on the value of the land and the buildings attached to the land.
Flat taxA tax method in which everyone pays the same rate.
RevenueIncome that government receives form taxes and other sources.
Sales taxA tax on goods and services that is collected by the seller.

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