Controlling the Economy Controlling the Economy (cont.) Politics and Economy Politics, Policy, and International Economy Arenas of Economic Policy
100
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?
100
Use of government revenue collection to influence the economy
What is fiscal policy
100
The amount of money an employer has to pay to an employee for doing their job.
What is minimum wage?
100
World Trade Organization
What does WTO stand for?
100
Business, Public Policy, Labor, and Government
What are main arenas of economy?
200
The principle that government should not meddle with economy.
What is laissez-faire?
100
Manipulation of the supply of money in private hands, through which the the government can control the economy
What is monetary policy
200
They are formed to regulate stock fraud.
What is the purpose of Securities and Exchange Commission?
200
Letting an economy’s own fragile economies grow while keeping out products.What is
What is the definition of protectionism
200
guaranteed workers the right of collective bargaining.
What did the National Labor Relations Act do?
300
Fiscal and Monetary policies
What are the guides of the US economy?
300
to regulate lending practices of banks
What is the Federal Reserve's original purpose?
300
The measure of inflation.
What is a consumer price index?
300
The government makes economic policy very slow.
Why is economy hard to control?
300
Food and Drug Administration (FDA)
What department has broad regulatory powers over the manufacturing, contents, marketing, and labeling of food and drugs.
400
14 year terms
The Federal Reserve Board of Directors save what terms?
400
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?
400
Collective bargaining
Negotiations between representatives and unions to determine acceptable wages and working conditions are what?
400
The international organization promoting free trade and punishing protectionist restrictions.
What is the purpose of WTO?
400
AntiTrust Policy
What is used to prevent a monopoly?
500
Amount of money available to be lent.
What does the Federal Reserve control in terms of banks?
500
Indirect
What is the trend for the amount of money to lend and the interest rates?
500
Securities and Exchange Commission
What is the governmental agency that regulates stock fraud?
500
A gap in balance payments.
What is the result of importing more than exporting?
500
Barnas
What is Joe's last name?






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