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chapter 23 Quiz

Select the Definition that corresponds to the displayed Term.
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1. consumer price index




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2. fiscal policy




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3. inflation




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4. earned income tax credit




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5. real GDP




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6. business cycle




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7. civilian labor force




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8. progressive income tax




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9. externality




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10. private good




Select the Term that corresponds to the displayed Definition.
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11. a governmental plan under which welfare recipients are required to accept public-service jobs or to participate in job training.




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12. an exclusive privilege to carry on a business, traffic, or service, granted by a government.




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13. a market situation in which the cost of production are minimized by having a single firm produce the product




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14. a program that provides help for nutrition and health care to low income people




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15. The number of people unemployed within a city or town




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16. any of the coupons sold or given under a federal program to eligible needy persons and redeemable for food at designated grocery stores or markets.




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17. the well-being of the general public




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18. legislation to prevent new monopolies from forming and police those that already exist




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19. a statutory combination of two or more corporations by the transfer of the properties to one surviving corporation.




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20. to bring back from memory





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