Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
share
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

chapter 23 vocabular

Civics

QuestionAnswer
goods that, when consumed by one individual, cannot be consumed by another Private Good
economic goods that are consumed collectively, such as highways and national defense Public Good
the unintended side effect of an action that affects someone not involved in the action Externality
when the market creates a sole provider for a good or service Monopoly
legislation to prevent new monopolies from forming and police those that already exist Antitrust Law
a combination of two or more companies to form a single business Merger
a market situation in which the costs of production are minimized by having a single firm produce the product Natural Monopoly
situation in which a company pulls a product off the market or agrees to change it to make it safe Recall
GDP after adjustments for inflation Real GDP
alternating periods of growth and decline that the economy goes through Business Cycle
all civilians 16 years old or older who are either working or are looking for work Civilian Labor Force
the percentage of people in the civilian labor force who are not working but are looking for jobs Unemployment Rate
the federal government's use of spending and taxation policies to affect overall business activity Fiscal Policy
sustained increase in the general level of prices Inflation
measure of change in price over time of specific group of goods and services Consumer Price Index (CPI)
government coupons that can be used to purchase food Food Stamps
a program that provides help for nutrition and health care to low-income women, infants, and children up to age 5 Women, Infants, and Children (WIC)
programs that require welfare recipients to exchange some of their labor in return for benefits Workfare
a tax that takes a larger percentage of higher incomes than lower incomes Progressive Income Tax
a program that gives tax credits and even cash payments to qualified workers Earned Income Tax Credit (EITC)
Created by: whitneybutler