civics chapter 23 Word Scramble
|
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
Normal Size Small Size show me how
| Question | Answer |
| private good | good used by one person and cant be used for another |
| public good | goods that can be consumed by one person that can be consumed by others as well |
| externality | the unintended side-effect of an action that affects someone not involved in the action |
| monopoly | a sole provider of a good or services |
| antitrust laws | laws to control monopoly power |
| 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 |
| recall | a company pulls a product off the market |
| real gdp | shows an economy's production after the distortions of price increases have been removed. |
| business cycle | alternating intervals of growth and decline |
| civilian labor force | all civilians 16 years or older who are either working oir looking for work |
| fiscal policy | changes in government spending or tax policies |
| inflation | a sustained increase in the general level of prices |
| CPI | a popular measure of the price level |
| food stamps | a welfare program to alleviate hunger and malnutrition |
| WIC | provides help with nutrition and health care to families with low income and small children |
| workfare | exchange of labor for benefits for welfare recipients |
| progressive income tax | the tax rate is lower at lower incomes and higher for higher incomes |
| earned income tax credit | giving tax credits and cash payments to qualified workers |
Created by:
keyontamcdougald
Popular American Government sets