Civics Final

Additional payment for borrowing money

Which of the following is an example of a free economy?

In socialist countries, when the central government takes over industry, this is known as

Opprotunity Cost is

The resources required to produce goods and services is called

Interest paid on the amount in your account PLUS any interest you've already earned is

The amount of money you "take home" after deductions are taken into consideration is

Dictatorships led by a small group of military officials is known as a

A government that exercises complete control over the will of the people is a(n)

›Integrationof economic activities across national bordersis

Discretionary spending is another way of saying

When a company gives twice as many shares to shareholders but lowers the price on the stock...

Great Britain's legislative branch is

Who insures deposits made in banks?

Raising taxes and cutting the budget are two examples of

The laws of supply and demand help us determine

When you lessen your risk by putting money into many investments you are

Who believed the workers must overthrow the wealthy, seize factories for the Prolitariat

Because there is a guarentee of public health, socialist countries have

Who started a series of reforms in the Soviet Union known as Glasnost and Perestoika?

Entrepeneurship, competition, individual initiative, profit are characteristics of

When you are taxed at different rates, usually based on your income, it is this tax

Many groups exist to reduce tradebarriers among member nations. These are called 

The UN and NATO exist to

A regional war is

When the government spends more than it takes in in taxes, they run a

When the government sets money aside for official use, this is called

How many approrpiation bills need to be passed by Congress?

Russia was formerly known as

Who/What controls the monetary policy in our country?

consumers want to buy more of a product when the price is low, but less when the price is high

Money paid by citizens in order to fund the activties of the government

Which is more liquid: CD or Money Market Account

When there is a short supply but a high demand, this is created

Programs that guarentee money to certain people are known as

Strong economies will have

Mao Zedong is the Communist leader of

Great Britain is a

What is Russia today?

Credit cards

A laissez-faire attitude toward business means

A command economy is one in which