
Chapter 11, Section 2
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Items provided by the government and paid for using tax money is called________
Back
public goods and services
2.
FLASHCARD QUESTION
Front
Two industries that have historically received subsidies are _______
Back
agriculture and steel
3.
FLASHCARD QUESTION
Front
When a business offers a public good or service it is called _______
Back
privatization
4.
FLASHCARD QUESTION
Front
Unemployment, Social Security, and veterans' benefits are forms of _______
Back
transfer payments
5.
FLASHCARD QUESTION
Front
In the United States, more than ______ people work for the federal government. Options: 300,000, 3,000,000, 1,000,000, 10,000,000
Back
3,000,000
6.
FLASHCARD QUESTION
Front
Monetary grants given to producers to encourage certain behaviors are called _______
Back
subsidies
7.
FLASHCARD QUESTION
Front
Income tax _____help pay for public goods and services and provide money for transfer payments.
Back
revenues
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