Economics Unit 5&6

Card Set Information

Author:
raragon972
ID:
170746
Filename:
Economics Unit 5&6
Updated:
2012-09-13 19:15:06
Tags:
Economics Unit
Folders:

Description:
Chapter Review
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user raragon972 on FreezingBlue Flashcards. What would you like to do?


  1. GREAT DEPRESSION
    THE WORST PERIOD OF BUSINESS DECLINE AND UNEMPLOYMENT IN THE NATION'S HISTORY
  2. EXPANSION
    THE PERIOD OF RECOVERY IN A BUSINESS
  3. SALE TAX
    A LOCAL OR STATE TAX LEVIED ON A WIDE RANGE OF CONSUMER ITEAMS
  4. TARRIF
    A GOVERNMENT TAX ON GOODS IMPORTED INTO A COUNTRY
  5. SURPLUS
    THE INCOME REMAINING AFTER EXPENSES HAVE BEEN MET
  6. EXCISE TAX
    A TAX ON THE MANUFACTURE OR SALE OF A SPECIFIC GOOD OR SERVICE
  7. FULL EMPLOYMENT
    A CONDITION THAT EXIST WHEN ALL THOSE WILLING AND ABLE TO WORK CAN FIND JOBS, EXEPT FOR THOSE WHO ARE BETWEEN JOBS. 
  8. FIXED EXCHANGE RATE
    A CURRENCY EXCHANGE RATE A GOVERNMENT SETS.
  9. PROPERTY TAX
    ONE ON THE VALUE OF THE TAXPAYER POSSESIONS SUCH AS A HOUSE, CAR OR OTHER VALUABLES
  10. IMPORTS
    THE GOODS & SERVICES THAT INDIVIDUALS AND BUSINESSES IN A COUNTRY PURCHASE FROM FOREIGN COUNTRIES
  11. RECESSION
    A PHASE OF THE BUSINESS CYCLE CHARACTERIZED BY A DECLINE IN SPENDING BY BUSINESS & CONSUMERS & AN INCREASE IN UNEMPLOYMENT
  12. EXPORTS
    THE GOODS & SERVICES THAT INDIVIDUALS & BUSINESSES IN ONE COUNTRY SELL TO FOREIGN COUNTRIES
  13. FOREIGN TRADE
     exchange of capital, goods, and services across international borders or territories.
  14. SUBSIDY
    A PAYMENT BY THE GOVERNMENT TO INDIVIDUALS OR BUSINESS FIRMS
  15. ECONOMIC INDICATORS
    A SET OF STATISTIC ABOUT THE PERFORMANCE OF A SECTOR OF A NATIONS ECONOMY
  16. LITERACY
    THE ABILITY TO READ AND WRITE
  17. DEVELOPING NATION
    A COUNTRY THAT HAS A LARGELY AGRICULTURAL ECONOMY & IS NOT HEAVILY INDUSTRIALIZED.

What would you like to do?

Home > Flashcards > Print Preview