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(8) CE.11 Economics Flashcards

AB
CE.11a – The government both promotes and regulates ___ .COMPETITION
CE.11a – How does the government promotes marketplace competition?ENFORCING ANTITRUST LEGISLATION TO DISCOURAGE THE DEVELOPMENT OF MONOPOLIES; ENGAGING IN GLOBAL TRADE; SUPPORTING BUSINESS START-UPS
CE.11a – The government promotes competition by enforcing ____ legislation to discourage the development of monopolies.ANTITRUST
CE.11a – What are three government agencies that oversee the way individuals and companies do business?FCC (FEDERAL COMMUNICATIONS COMMISSION); EPA (ENVIRONMENTAL PROTECTION AGENCY); FTC (FEDERAL TRADE COMMISSION)
CE.11b – What are some examples of public goods and services?INTERSTATE HIGHWAYS, POSTAL SERVICE, AND NATIONAL DEFENSE
CE.11b – Public goods and services provide benefits to many people, but would not be available if -INDIVIDUALS HAD TO PROVIDE THEM
CE.11b – How do governments get the money to produce public goods and services?THROUGH TAX REVENUE AND THROUGH BORROWED FUNDS
CE.11c – Where does Congress get the authority to tax personal and business incomes?16th AMENDMENT
CE.11c – The government can ___, ___, and ___ to influence economic activity.TAX, BORROW AND SPEND
CE.11c – Government ____ _____ reduce the funds available for private and business spending.TAX INCREASES
CE.11c – Government _____ ___ increase funds for private and business spending.TAX DECREASES
CE.11c – The government can increase funds available for borrowing by individuals and businesses by -REDUCING THE AMOUNT IT BORROWS
CE.11c – The government increases government borrowing in order to _____ funds available for borrowing by individuals and businesses.REDUCE
CE.11c – Increased government spending _____ demand, which may ___ employment and production.INCREASES, INCREASE
CE.11c – _____ government spending reduces demand, which may result in a ______ of the economy.LESS , SLOWING
CE.11c – Increased government spending may result in _____ taxes.HIGHER
CE.11c – Decreased government spending may result in _____ taxes.LOWER
CE.11d – The FED is the -FEDERAL RESERVE SYSTEM
CE.11d – The Federal Reserve System (Fed) is the ___ ___ of the United States.CENTRAL BANK
CE.11d – The FED regulates the -MONEY SUPPLY
CE.11d – The Federal Reserve bank acts as a banker’s bank by issuing currency and regulating the amount of _____ in circulation.MONEY
CE.11d – What does the Fed do to slow the economy?THE FED CAN RESTRICT THE MONEY SUPPLY, CAUSING INTEREST RATES TO RISE
CE.11d – Why would the Fed increase the money supply, causing interest rates to decline?TO STIMULATE THE ECONOMY
CE.11d – What are three ways the Federal Reserve Bank can slow the economy?INCREASE THE RESERVE REQUIREMENT; RAISE THE DISCOUNT RATE; SELL GOVERNMENT SECURITIES
CE.11d – What are three ways the Federal Reserve Bank can stimulate the economy?LOWER THE RESERVE REQUIREMENT; LOWER THE DISCOUNT RATE; PURCHASE GOVERNMENT SECURITIES
CE.11e –How does the U.S. government protect consumer rights and property rights?THE GOVERNMENT PASSES LAWS AND CREATES AGENCIES TO PROTECT CONSUMER RIGHTS AND PROPERTY RIGHTS
CE.11e –Individuals have the right of private ownership, which is protected by -NEGOTIATED CONTRACTS THAT ARE ENFORCEABLE BY LAW
CE.11e –How is private property protected?BY NEGOTIATED CONTRACTS THAT ARE ENFORCEABLE BY LAW
CE.11e – How is public health and safety protected?GOVERNMENT AGENCIES ESTABLISH GUIDELINES THAT PROTECT PUBLIC HEALTH AND SAFETY.
CE.11e – How are consumer rights protected?CONSUMERS MAY TAKE LEGAL ACTION AGAINST VIOLATIONS OF CONSUMER RIGHTS.



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