Chapter 11, Section 2

Front

Items provided by the government and paid for using tax money is called________

Back

public goods and services

Front

Two industries that have historically received subsidies are _______

Back

agriculture and steel

Front

When a business offers a public good or service it is called _______

Back

privatization

Front

Unemployment, Social Security, and veterans' benefits are forms of _______

Back

transfer payments

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

Front

Monetary grants given to producers to encourage certain behaviors are called _______

Back

subsidies

Front

Income tax _____help pay for public goods and services and provide money for transfer payments.

Back

revenues

Front

Parks, libraries, museums, and swimming pools provided by the government are examples of facilities that improve people's __________.

Back

quality of life

Front

A special tax benefit given to promote specific economic or social objectives is called a tax ___________.

Back

break

Front

The Small Business Administration offers ______to people who want to open small businesses.

Back

advice and loans