Save
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CH 23

QuestionAnswer
private good goods that when consumed cannot be consumed by another individual
public good goods that can be consumed without preventing the consumption of the good by another.
externality an unintended side effect of an action that affects someone not involved in the action.
monopoly sole provider of a good or service
antitrust law laws to control monopolies and promote competition
merger combination two companies into one
natural monopoly when the costs of production are minimized when only one firm produces a product.
recall when a company pulls products off the market or agrees to make it safe
real GDP a metric showing an economy's production after distortions in price have been removed
business cycle alternative intervals of growth and decline in the economy
civilian labor force people working or looking for work
unemployment rate percentage of people in the civilian labor force who are not working but are looking for jobs
fiscal policy changes in government spending or tax policies
inflation sustained increase in general level of prices
consumer price index (CPI) the measure of change in price over time of specific group of goods and services
foods stamps vouchers for food for low income families
Women, Infants, and Children (WIC) program to provide nutrition and health care to low income women, infants, and children up to age five
work fare programs that require welfare recipients to exchange some of their labor in exchange for benefits
progressive income tax an income tax where rates are lower for lower incomes.
earned income tax credit (EITC) program that gives tax credits and even cash payments to qualified workers
Created by: nicholasbrown
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards