Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
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
Normal Size Small Size show me how
11.111.2
Amber Brasket Role of GOV in economy
| Question | Answer |
|---|---|
| Business that takes place between states. | Interstate commerce |
| Business that takes place within states | Intrastate commerce |
| occurs when a company controls an industry or is the only one to offer a product or service. | monopoly |
| occurs when a small number of companies control an industry | oligopoly |
| group of companies that band together to form a monopoly and cut out competition | trust |
| allow the Federal government to break up monopolies, regulate them, or take control of them | Antitrust laws |
| legally enforceable agreement between two or more parties | contract |
| occurs when one party fails to live up to the terms of a contract | breach of contract |
| gives artists the legal right to own their creations | Copyright |
| legal grant for the sole right to own an invention | patent |
| trademark | name symbol, or a characteristic that identifies a product |
| income that governments get from all sources | Revenue |
| occurs when a business offers a public good orservice | Privatization |
| monetary grants given to producers or consumers to encourage certain behaviors | Subsidies |
| amount of money people and businesses pay governments to help run the nation | tax |
| temporary reduction or elimination of a tax that is meant to encourage or discourage an activity | tax incentive |
| *federal | of or relating to the central government or a ferderation as distinguishing from the governments of the constituent units |
| *enable | to make possible, pratical, or easy |
| *symbol | something that stands for or suggests something else b reason of re;ationship, association, convention, or accidental resemble |
| *Registered | Enrolled formally |
| *incintives | Something that incites or has a tendency to incite to determination or action |
| *welfare | the state of doing well, especially in respect to good fortune, happinesses, wellbeing, or prosperity |
| *ensure | to make sure, certain, or safe |
| *allocate | To apportion for a specific purpose or to particular persons or things |
| special tax benefit given to promote specific economic or social objectives | tax break |
| government expense that is providd to help people | transfer payment |
| items that consumers purchase directly from business | goods and sevices |
Created by:
Amber_Brasket
Popular Finance sets