Home Library Explore SAT

Home Library Explore SAT

Equity vs Equality Flashcards | StudBud

Explore/Equity vs Equality

What is an important element in combatting unemployement?

What type of unemployment corresponds with the peaks and troughs of the economy?

Equity vs Equality

13 terms·StudBud Administration·328 plays

Imported from external platform

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
What type of unemployment corresponds with the peaks and troughs of the economy?
Seasonal
Cyclical
Structural
Frictional
2
What is an important element in combatting unemployement?
Education
Hard Work
Saving
3
Inflation turns ____ into _____.
dollar; cents
downs; ups
ups; downs
cents; dollars
4
Which of the following is NOT considered a shock to the economy
Financial Panics
Pandemic
People shifting job areas
Natural disaster
5
What does NOT qualify a person as unemployed?
stopped looking for a job
Reiteree
Not working
Overqualified for your current job
6
What is a consequence of unemployment?
Loss of income for individuals
GDP goes down
GDP goes up
More income for individuals
7
What does rival mean?
When there's enough of something to go around
When something is being used others can't use it.
When 2 schools compete
8
Why is education a merit good and not a public good?
Because it is excludable and non-rival
Because it is non-excludable and non rival
Because it is exludable and rival
Because it is non-excludable and rival
9
In your life right now, what kinds of taxes affect you the most?
Indirect
Direct
10
What is an example of a direct tax?
Income taxes
Corporate taxes
Inflation
Sales tax
11
Who does inflation NOT harm?
Individuals
Companies/firms
banks/lenders
Retirees
12
What does excludable mean?
This is free for all to use.
Something that comes at a cost
13
What is the general rise of prices over time?
Unemployement
Deflation
Inflation
Progression