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Gov't 1 100% Vocab
Question | Answer |
---|---|
boycott | refuse to buy or sell something as a way of protesting or causing a change |
deficit | amount by which there is less of something than is needed |
document | official paper containing important information |
economy | buying and selling of goods and services (money system) |
excise tax | tax on production, sale or use of goods made and used within a country |
free enterprise | economic system in which businesses can operate without the govt interfering |
loss | money paid out is greater than money taken in |
profit | amount of money made after all bills are paid |
surplus | extra amount of something |
tariff | tax charged on goods brought into or out of country |