3.3 Flashcard

Front

The minimum wage was established at national and state levels as the lowest legal wage that can be paid to the majority of workers.

Back

True

Front

U.S. economic and social goals are likely to remain unchanged in the future.

Back

False

Front

Social Security is one example of how Americans have modified their free enterprise economy.

Back

True

Front

In general, people do not want their economic system to create as many jobs as possible.

Back

False

Front

Economic growth is necessary as a nation’s population increases.

Back

True

Front

What is the name of the federal health insurance program for senior citizens?

Back

Medicare

Front

Inflation causes people to _______.

Back

spend less for the same amount of goods and services

Front

Which of the following is currently considered one of the seven major economic and social goals in the United States? conservation, preserving endangered species, clean environment, price stability

Back

price stability

Front

What is one of the benefits related to economic equity? Options: conserving resources, living on a fixed income, receiving equal pay for equal work, unemployment compensation programs

Back

receiving equal pay for equal work

Front

Protection from layoffs, illnesses, injuries, or disabilities falls under the goal of _______.

Back

economic security