Civics Honors - Chapter 21

When you to buy one product and not another, the value of what you do not buy is __________.

The four main types of economic systems are Traditional, Market, Command, and ________.

"Free Trade" is the ______________ of "Protectionism."

As a general rule, investments with a high potential return ________.

An example of how current events can disrupt the business cycle.

The economic rivalry between producers of similar products is called ____.

Money earned on an investment.

This IS NOT one of the reasons that the government regulates the economy.

Which of the following IS NOT an example of monetary policy?

A tax on goods imported from another country.

Putting your money to use - with a reasonable expectation that you will make a profit.

One principle of capitalism is that consumers and producers ALWAYS ________

Controlling: (1) spending; (2) taxing; and (3) public transfer payments - are tools of _____.

The difference between the value of a country's imports and exports.

These are economic indicators that show up before a change in economic performance.

The business cycle - in chronological order.

TRUE/FALSE? No country in the world today has a pure Free or Market economy.

A type of investment which puts money into start-up companies or into new products.

A ban on trade with another country.

This type of government regulation might limit how you can use your property.

Which of the following is NOT A TYPE OF TRADE BARRIER?

The idea that public pessimism leads to economic contraction, while optimism = expansion.

The possibility that an investment might lose money.

What is the main reason that countries erect barriers to trade with other countries?

Lowering tax rates generally has this impact on the economy.

Tax discounts given to certain industries to attract them to a state.

Economists study and predict the performance of the economy by examining ____.

Economic indicators that tell us how the economy was doing a month or two earlier.

Which of the following IS NOT an example of an international trade agreement?