Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 23

TermDefinition
Private Good goods that, when consumed by one individual, cannot be consumed by another
Public Good economic goods that are consumed collectively, such as highways and national defense
Externality the unintended side effect of an action that affects someone not involved in the action
Monopoly when the market creates a sole provider for a good or service
Antitrust Law legislation to prevent new monopolies from forming and police those that already exist
Merger a combination of two or more companies to form a single business
Natural Monopoly a market situation in which the costs of production are minimized by having a single firm produce the product
Recall situation in which a company pulls a product off the market or agrees to change it to make it safe
Real GDP GDP after adjustments for inflation
Business Cycle Alternating periods of growth and decline that the economy goes through
Civilian Labor Force all civilians 16 years old or older who are either working or are looking for work
Unemployment Rate the percentage of people in the civilian labor force who are not working but are looking for jobs
Fiscal Policy the federal government's use of spending and taxation policies to affect overall business activity
Inflation sustained increase in the general level of prices
Consumer Price Index (CPI) measure of change in price over time of specific group of goods and services
Women, Infants, and Children (WIC) a program that provides help for nutrition and health care to low-income women, infants, and children up to age 5
Workfare programs that require welfare recipients to exchange some of their labor in return for benefits
Progressive Income Tax a tax that takes a larger percentage of higher incomes than lower incomes
Earned Income Tax Credit (EITC) a program that gives tax credits and even cash payments to qualified workers
Food stamps government coupons that can be used to purchase food
Created by: jaziah griffin
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards