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Worksheetsgovernment study - ch 23
Total questions: 21
Worksheet time: 11mins
which term describes the highest point
in an economic expansion?
mountain
government
peak
president
a ______ occurs when the costs of
production are minimized by having
one firm produce the product.
natural monopoly
expansion
recall
workfare
what is a sustained increase in the
general level of prices?
rise
externality
exclusion
inflation
which term describes all civilians 16
years old or older who are either
working or looking for work?
exclusion
civilian labor force
employee
desperate
According to the ____ principle, no one
is excluded from consuming the
benefits of a public good whether or
not he or she pays.
logical
ethical
non-exclusion
exclusive
____ goods are goods that when
consumed by one individual, cannot be
consumed by another.
private
public
consumer
transported
a ____ happens when a company
agrees to pull a product off the market
or agrees to change it to make it safe.
inflation
expansion
contract
recall
what are government coupons that
can be used to purchase food?
free shipping
food stamps
trade
giveaway coupons
an economic ____ occurs when real
GDP goes up.
system
development
expansion
rise
the ____ principle means that a
person is prevented from consuming
private goods unless he or she pays for
them.
exclusion
satisfied
scientific
ethical
____ laws are designed to control
monopoly power and to preserve and
promote competition.
trade
antitrust
trust
secret
the alternating periods of economic
growth and decline make up
___________
businesses
inflation
externality
the business cycle
which program gives payments to
blind or disabled people and to
persons age 65 and older?
TANF
SSI
GDP
EITC
which term describes an unintended
side effect of an action that affects
someone not involved in the action?
antitrust
exclusion
expansion
externality
the ____ shows an economy’s
production after the distortions of
price increases have been removed.
real SSI
TANF
real GDP
EITC
supplying highways and street lighting
are examples of what role of
government in the economy?
providing public goods
demand
providing private goods
supply
what is a combination of two or more
companies to form a single business?
inflation
combination
rate
merger
consumption of ____ goods by one
person does not prevent them from
being consumed by another person.
demand
public
consumer
private
the ____ is the percentage of the
civilian labor force who are not
working but are looking for jobs.
exclusion
amount
employment rate
unemployment rate
the ____ gives tax credits and even
cash payments to qualified workers.
EITC
GDP
TANF
SSI
____ requires welfare recipients to
exchange some of their labor to get
benefits.
GDP
workfare
the business cycle
merger
