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Questions
25
Answers
1
the National Labor Relations Board was created by?
the president
Wagner Act
congress
a person
2
goods for which demand goes up as income goes up are?
normal goods
normal
inferior
goods
3
what is the largest category of state spending?
intergovernmental expenditures
apple
state
local
4
what are accounts used to fund types of expenditures?
trust funds
apple
util
wage rate
5
what are levied to raise money?
supply
apple
local
revenue tariffs
6
what are described as broad social programs for eligible individuals?
orange
unit
entitlement
apple
7
what is one effect of quotas and tariffs ?
high demand
demand
higher prices on domestic products
surplus
8
the benefits received by a society from a social choice are known as?
tablet
apple
social benefits
chocolate
9
the goals of an entire society can be defined as?
apple
util
social goals
unit
10
a change in the number of units supplied at every price is called?
apple
fruit
change in supply
change in demand
11
what prohibit mandatory union membership?
right-to-work laws
unit
rights
apple
12
dealing fairly and equally with all concerned is called?
add
equals
unit
equity
13
what is the amount borrowed to finance deficit spending?
apple
balance
federal debt
spending
14
who favor few or even no trade restrictions?
apple
workers
cars
free traders
15
the decisions made by people acting separately is known as?
individual choice
apple
util
unit
16
spending in excess of revenues collected is called?
deficit spending
annual
interes
surplus
17
what causes unemployment to increase in import industries?
surplus
a president trade deficit
demand
apple
18
what occurs generally first in union-management negotiations?
unit
collective bargaining
nothing
apple
19
what is not a theory used to explain differences in wages?
entitlement
theory of equilibrium wage rate
apple
util
20
health inspections on food products limit trade between?
county
nations
local
congress
21
what are the thee methods unions used ?
picketing
strikes
boycotts
all
22
anything used to produce a good or service is called?
demand
land
unit
factors of production
23
how is called the unit of measurement for utility?
meter
kilometer
util
unit
24
the great depression turned popular opinion in favor of what?
factors
materials
congress
unions
25
goods for which demand goes down as income goes down are?
surplus
inferior goods
apple
normal