Economics Quiz 3 Practice

when the government borrows so much that it competes with businesses and individuals for available money

• flat tax

• market theory of wage determination

• crowding out effect

• maturity

explanation stating that wages are based on the supply and demand for a worker's skills

• flat tax

• market theory of wage determination

• crowding out effect

• maturity

proportional tax on individual income that closes or minimizes most tax loopholes

• flat tax

• market theory of wage determination

• crowding out effect

• maturity

life of a bond or length of time funds are borrowed

• flat tax

• market theory of wage determination

• crowding out effect

• maturity

electronic marketplace for securities not listed on organized exchanges such as the New York Stock Exchange

• federal budget

• over the counter market (OTC)

• trust funds

• industrial union

annual plan by the U.S. government outlining the proposed expenditures and anticipated revenues for the coming year

• trust funds

• federal budget

• over the counter market (OTC)

• industrial union

labor union whose members perform different kinds of work in the same industry

• trust funds

• federal budget

• over the counter market (OTC)

• industrial union

special accounts used to fund specific types of expenditures such as Social Security

• trust funds

• federal budget

• over the counter market (OTC)

• industrial union

non depository institution that channels savings to borrowers

• incidence of a tax

• Efficient Market Hypothesis (EMH)

• nonbank financial institution

• grant-in-aid

argument that stocks are always priced about right, and that bargains are hard to find

• incidence of a tax

• Efficient Market Hypothesis (EMH)

• nonbank financial institution

• grant-in-aid