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Unit 11 civics

QuestionAnswer
Antitrust legislation:: laws against monopolies and trusts
Consumer Product Safety Commission (CPSC): government agency that protects consumers from faulty products
Currency medium of exchange for goods and services
Environmental Protection Agency (EPA): agency which protects the nation’s air, water and soil quality.
Equal Employment Opportunity Commission (EEOC): agency responsible for enforcing federal discrimination laws.
Federal Communication Commission (FCC): agency responsible for regulating the radio, TV, and phone industries.
Federal Reserve System central bank of the US that works to maintain low and stable inflation.
Federal Trade Commission (FTC): agency responsible for enforcing antitrust legislation and promoting fair competition.
Food and Drug Administration (FDA): agency responsible for regulating the production of food, medicine, & cosmetics.
Income tax: payments made by individuals and corporations based on income received.
Inflation: a general increase in prices and fall in the purchasing value of money.
labor work; especially physical work
monopolies a business that owns all of a particular good or service
Occupational Safety and Health Administration (OSHA): agency responsible for ensuring safe and healthful working conditions
Property right a legal claim of ownership
Property tax tax levied on land and buildings (cars or boats, too)
recession: period of economic decline where trade and economic activity are reduced/slowed
Sales tax tax consumers pay on items purchased which is a percentage of the sales price
Securities and Exchange Commission (SEC): agency responsible for protecting investors
simultaneously: at the same time
Created by: DonathanJack
Popular Economics sets

 

 



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