| Promoting Growth and Stability | Providing a Safety Net | |||
|---|---|---|---|---|
|
What is The drive for the improvement of material well-being?
Profit Motive
|
What is the fundamental purpose of the free enterprise system is to give consumers the freedom to make their own economic choices?
The Consumer’s Role
|
What is the study of the behavior and decision making of entire economies?
Macroeconomics
|
What provides direct cash transfers of retirement income to the nation’s elderly and
living expenses to the disabled?
Social Security
|
What is funds many researches and development projects?
Federal agencies
|
|
What is The ability for anyone to compete in the marketplace?
Open opportunity
|
What is when Americans expect the government to protect them from potential problems?
The Government’s Role
|
What is the period of a macroeconomic expansion followed by a period of contraction?
business cycle
|
What is Unemployment compensation that provides money to eligible workers who have lost their jobs?
Stability
|
What gives the inventor of a new product the exclusive right to produce and sell it for 20 years?
patent
|
|
What is Equal rights to all?
Legal equality
|
What is Laws that require companies to provide consumers with important information about their products?
Public Disclosure Laws
|
What is the total value of all final goods and services produced in a particular economy.
GDP
|
What is provides a cash transfer of state funds to employees injured while on the
job?
Workers’ Compensation
|
new technology often evolves out of what?
government research
|
|
What is the right to control your possessions as you wish?
Private property rights
|
What is Both state and federal governments’ involvement in concerns of the public as a whole?
Public Interest
|
What is shared good or service for which it would be impractical to make consumers pay
individually and to exclude nonpayers
public good
|
What is an income level below that which is needed to support families or households?
poverty threshold
|
What is an employer's insurance cover when he or she is unemployed?
Medicaid
|
|
What is the right to decide what agreements in which you want to take part?
Free contract
|
What is the right to decide what and when you want to buy and sell a product?
Voluntary exchange
|
What is someone who would not choose to pay for a certain good or service, but who would get the
benefits of it anyway if it is provided as a public good
free rider
|
What is the health insurance that is provided by the government for the elderly and disabled?
Medicare
|
What three things provide educational opportunities for the poor?
Federal, state, and local governments
|
Support Us on Ko-fi