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

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.

Economics Unit 2

        Help!  

Term
Definition
Free Enterprise   show
🗑
show Economic freedom, competition, private property, voluntary exchange, profit motive  
🗑
Public Interest   show
🗑
show Regulates industry whose products affect health and safety, promotes competition, regulates prices  
🗑
3 Complaints that Businesses Have Concerning Government Regulations   show
🗑
show Uses government budgets to promote economic growth , control inflation and reduce unemployment.  
🗑
Economic Functions of the Government: Provide Public Goods and Services   show
🗑
Economic Functions of the Government: Maintaining Competition   show
🗑
show Provides social security and aid to dependent children. Taxes provide services for those who need it.  
🗑
Economic Functions of the Government: Maintains Legal and Social Works   show
🗑
show Tax companies reduce their pollution rates (negative externalities). Give money to encourage positive externalities (education).  
🗑
Welfare System   show
🗑
T.A.N.F.   show
🗑
show Payroll taxes are collected from current workers and redistributed to elderly and disabled.  
🗑
show Funded by state and federal government; provides money to eligible workers who have lost their jobs; workers must show that they have made efforts to get work.  
🗑
show Health insurance for the elderly, disabled, and poor.  
🗑
Medicare   show
🗑
Medicaid   show
🗑
show Federal, state, and local government funds educational programs from pre-school to college.  
🗑
show Income level below what is needed to support a household.  
🗑
show Direct payments of money to eligible poor people.  
🗑
In Kind Benefits   show
🗑
Federal Regulatory Agencies   show
🗑
Food and Drug Administration (FDA)   show
🗑
Federal Trade Commission (FTC)   show
🗑
Federal Aviation Administration (FAA)   show
🗑
show Enforces laws that make discrimination illegal in the workplace.  
🗑
Environmental Protection Agency (EPA)   show
🗑
show Assures safe and healthful working conditions for working men and women by setting and enforcing standards.  
🗑
Consumer Product Safety Commission (CPSC)   show
🗑
Nuclear Regulatory Commission (NRC)   show
🗑
Federal Communications Commission (FCC)   show
🗑
show Laws and standards on topics of public interest put forth by the government; effects everything from gas to margarine.  
🗑
Interest Group   show
🗑
show Laws requiring companies to provide full information about their products; government publicizes information to the public for consumer safety.  
🗑
show Situation in which the market does not distribute resources efficiently.  
🗑
show A shared god or service for which it would be impractical to make consumers pay individually and to exclude non-payers.  
🗑
Public Sector   show
🗑
Public Service   show
🗑
show The part of the economy that involves the transactions of individuals and businesses.  
🗑
Free Rider   show
🗑
Externality   show
🗑
Positive Externality   show
🗑
Negative Externality   show
🗑


   

Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
 
To hide a column, click on the column name.
 
To hide the entire table, click on the "Hide All" button.
 
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
 
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.

 
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
Created by: Blissful_Olive
Popular Economics sets