Unit 6: Econ Part 2

Zoning laws are the responsibility of the _____ level of government.

What effect would LESS government regulations on trade have on prices?

They supply money to banks.

In general ________ are illegal because the government wants to promote competition.

Which of the following would be a variable cost?

Spendingby one country can boost the economy of another.

What is another word for commercial zoning?

What  would the FED do if we were in a period of inflation?

In N.C. the Dept. of _____ administers the state’s tax collection efforts.

A six month decrease in consumer spending is called a

The ups and downs of our economy. (The Roller Coaster)

What do you call the dollar amount of goods produced within a country’s border annually?

Another word for residential zoning. 

Increasing factors of production does not necessarily increase profit. This is the law of

What does the FED control to prevent inflation or recession?

What is an example of a product that have an excise tax?

What effect do protective tariffs have on domestic products?

Which is a fixed cost?

Which type of zoning would be more beneficial to a community economically?

Whena country imports more than they export, the country has 

Who would set prices in a capitalist economy?

What would the FED do if we were in a period of recession?

Measures change in prices that producers receive for their products.

What is the worst thing the FED could do if we had inflation?

What laws are designed to prevent monopolies in order to promote competition?

Which could be an incentive the state of NC would use to get businesses to come to our state?

A rise in prices is called

A tax built into the price of a product (Ex: gas)

Saudi Arabia has a much larger deposit of oil than the US. Therefore, Saudi Arabia has a

the EqualCredit Opportunity Act is designed to protect who?