Economics Unit 3 Institutions

Decision by a company not to allow employees to work until they agree with management demands.

Annual plan by the US government that outlines the proposed revenue and expenditures.

Which of the following is not an impact of a large federal debt.

The theory that wage are based on the supply and demand fora workers skill is the

Non depository Institution that channels savings to borrowers.

Bank that can lend to other banks in times of need.

In the 1980's, before S&L crisis got under way, the US has 4,500 S$Ls. By the 1990's there were

The flat tax

Workers do not have to belong to a union to be hired not be made to join one to keep their jobs

Money that has an alternative use as an economic good

Special account used to find specific types of expenditures such as Social Security

The Efficient market hypothesis states that

Branch if the Treasury Department charged with collecting taxes

Long term obligations made by state and local governments in order to borrow money.

Final Burden of Taxes