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unit 3 econ pt2 Test

Enter the letter for the matching Definition
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1.
Capital gains
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2.
Modified union shop
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3.
Credit union
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4.
Federal budget
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5.
OTC
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6.
Public sector
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7.
Agency shop
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8.
Closed shop
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9.
Set aside contract
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10.
Regressive tax
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11.
Bear market
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12.
Benefit principle of taxation
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13.
Bull market
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14.
Proportional tax
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15.
Seniority
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16.
S&P 500
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17.
FICA
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18.
Mediation
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19.
Fact finding
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20.
Excise tax
A.
A tax in which the average tax rate is the same at all income levels.
B.
arrangement under which workers have the option to join a union after being hired
C.
A detailed financial document containing estimates of federal income and spending during the coming fiscal year
D.
company in which employees are not required to join the union, but must pay union dues
E.
A period of increased stock trading and rising stock prices
F.
A tax for which the percentage of income paid in taxes decreases as income increases
G.
A nonprofit financial institution that is owned by its members and organized for their benefit.
H.
a profit from the sale of property or of an investment.
I.
negotiation to resolve differences conducted by some impartial party
J.
guaranteed contract or portion of a contract reserved for a targeted group, usually a minority
K.
an agreement between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations
L.
over the counter
M.
taxes that fund Social Security and Medicare
N.
A company with a labor agreement under which union membership can be a condition of employment.
O.
market index of U.S. equities based on the performance of 500 large-cap stocks representing various sectors of the overall equities market
P.
years of service, which is used as a consideration for assigning committee members
Q.
the part of the economy that involves the transactions of the government
R.
a tax on the production or sale of a good
S.
belief that taxes should be paid according to benefits received regardless of income
T.
A steady drop in the stock market over a period of time
Type the Term that corresponds to the displayed Definition.
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21.
settling a dispute by agreeing to accept the decision of an impartial outsider
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22.
a form of credit in which the lender combines all of a person's debts into a single monthly payment
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23.
an organization that makes high-risk consumer loans
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24.
the central bank of the United States
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25.
a relatively high tax designed to raise revenue and reduce consumption of a socially undesirable product such as liquor or tobacco
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26.
the final burden of a tax
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27.
fund that pools the savings of many individuals and invests this money in a variety of stocks, bonds, and other financial assets
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28.
the part of the economy that involves the transactions of individuals and businesses
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29.
an official who determines the value of a property
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30.
Government practice of spending more than it takes in from taxes

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