Economics Unit 2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Economic system that allows businesses and consumers to interact with minimal government interference.
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| show | Economic freedom, competition, private property, voluntary exchange, profit motive
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| show | Concerns of the public as a whole.
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| show | Regulates industry whose products affect health and safety, promotes competition, regulates prices
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| show | Rules are costly to implement, cuts into profits, slows production and growth
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| show | Uses government budgets to promote economic growth , control inflation and reduce unemployment.
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| Economic Functions of the Government: Provide Public Goods and Services | show 🗑
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| Economic Functions of the Government: Maintaining Competition | show 🗑
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| show | Provides social security and aid to dependent children. Taxes provide services for those who need it.
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| Economic Functions of the Government: Maintains Legal and Social Works | show 🗑
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| Economic Functions of the Government: Corrects Externalities | show 🗑
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| Welfare System | show 🗑
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| show | Federal money goes to the states who design their own welfare programs.
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| show | Payroll taxes are collected from current workers and redistributed to elderly and disabled.
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| show | Funded by state and federal government; provides money to eligible workers who have lost their jobs; workers must show that they have made efforts to get work.
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| show | Health insurance for the elderly, disabled, and poor.
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| show | For people 65 years and over.
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| show | People unemployed or not covered by an insurance agency.
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| Education | show 🗑
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| show | Income level below what is needed to support a household.
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| Cash Transfers | show 🗑
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| In Kind Benefits | show 🗑
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| Federal Regulatory Agencies | show 🗑
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| Food and Drug Administration (FDA) | show 🗑
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| show | Prevents fraudulent, deceptive, and unfair business practices.
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| Federal Aviation Administration (FAA) | show 🗑
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| show | Enforces laws that make discrimination illegal in the workplace.
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| show | Protect people and the environment from significant health risks, concerns an conducts research.
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| show | Assures safe and healthful working conditions for working men and women by setting and enforcing standards.
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| show | Protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products.
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| Nuclear Regulatory Commission (NRC) | show 🗑
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| show | Regulates interstate and international communications through cable, radio, TV, satellite, and wire. The goal is to promote connectivity and ensure a robust and competitive market.
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| Public Policy | show 🗑
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| show | A private organization that tries to persuade public officials to act or vote according to group members interests.
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| Public Disclosure Laws | show 🗑
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| show | Situation in which the market does not distribute resources efficiently.
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| Public Good | show 🗑
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| Public Sector | show 🗑
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| show | The business of the supplying a commodity (as electricity or gas) or service (as transportation) to any or all members of a community; a service rendered in the public interest.
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| Private Sector | show 🗑
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| Free Rider | show 🗑
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| Externality | show 🗑
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| Positive Externality | show 🗑
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| Negative Externality | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Blissful_Olive
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