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govt
topic 12
| Question | Answer |
|---|---|
| This kind of economy works best in times of war | Mixed Economy |
| this kind of economy controls peoples lives | Communism |
| this kind of economy gives people the choices of what to do | Capitalism |
| this kind of economy guarantees you money and jobs | Command Economy |
| people who are business owners | Entrepreneurs |
| supply and demand controls success in this economy | Free enterprise |
| a business that is the only source of service or product | monopoly |
| an act which outlawed monopolies | Sherman anti trust |
| gov't should play a limited role in the economy | Laissez Faire |
| who invented socialism which then became communism | Karl Marx |
| A cabinet position which protects workers from over aggressive business | Department of Labor |
| total amount of goods and services within a country | Gross Domestic Product |
| total amount of goods and services within and outside a countries border | Gross National Product |
| a type of loan to the government by the American people | Bonds |
| prepared by the president, approved by congress | Budget |
Created by:
Ryleedunker