Controlling the Economy | Controlling the Economy (cont.) | Politics and Economy | Politics, Policy, and International Economy | Arenas of Economic Policy |
---|---|---|---|---|
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
What is the definition of economy?
|
Use of government revenue collection to influence the economy
What is fiscal policy
|
The amount of money an employer has to pay to an employee for doing their job.
What is minimum wage?
|
World Trade Organization
What does WTO stand for?
|
Business, Public Policy, Labor, and Government
What are main arenas of economy?
|
The principle that government should not meddle with economy.
What is laissez-faire?
|
Manipulation of the supply of money in private hands, through which the the government can control the economy
What is monetary policy
|
They are formed to regulate stock fraud.
What is the purpose of Securities and Exchange Commission?
|
Letting an economy’s own fragile economies grow while keeping out products.What is
What is the definition of protectionism
|
guaranteed workers the right of collective bargaining.
What did the National Labor Relations Act do?
|
Fiscal and Monetary policies
What are the guides of the US economy?
|
to regulate lending practices of banks
What is the Federal Reserve's original purpose?
|
The measure of inflation.
What is a consumer price index?
|
The government makes economic policy very slow.
Why is economy hard to control?
|
Food and Drug Administration (FDA)
What department has broad regulatory powers over the manufacturing, contents, marketing, and labeling of food and drugs.
|
14 year terms
The Federal Reserve Board of Directors save what terms?
|
Government spending and deficits can help the
economy weather its normal ups and downs. Using power of government to stimulate the economy.
What are keynesian economic theory?
|
Collective bargaining
Negotiations between representatives and unions to determine acceptable wages and working conditions are what?
|
The international organization promoting free trade and punishing protectionist restrictions.
What is the purpose of WTO?
|
AntiTrust Policy
What is used to prevent a monopoly?
|
Amount of money available to be lent.
What does the Federal Reserve control in terms of banks?
|
Indirect
What is the trend for the amount of money to lend and the interest rates?
|
Securities and Exchange Commission
What is the governmental agency that regulates stock fraud?
|
A gap in balance payments.
What is the result of importing more than exporting?
|
Barnas
What is Joe's last name?
|