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12 Cards in this Set
- Front
- Back
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16th Amendment
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the amendment that gave the government the right to tax.
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New Deal
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Roosevelt's propgram that put millions of people to work on government projects
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inflation
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a general rise in the process of goods and services
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labor unions
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groups of workers who band together safety, pay, and hours
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What kind of economy does the U.S have?
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mixed economy
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The Growth of Global Economy uses?
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technology
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What is FebS?
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12 federal reserves banks across the country
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taxes
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monies that governments collect from individuals and businesses
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What are three economic sectors?
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Household, Businesses, and Government
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monopoly
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exists when one company or a small group of people control the supply of all, or most of, a particular good or service
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Law of Demand
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when the price increases people buy less, when th price decreases people but more.
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Law of Supply
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when price increaes more of the product is made when it decreases less of the product is made.
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