Questions and Answers
Spending that can change from year to year is known as what?
discretionary
Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?
These lists outline the details of two jobs. Which job-related factor do both lists show?
Which statement best explains paying in cash to cover the costs of an education?
Signup and view all the answers
Fiscal policies establish a government's plans for taxation and what?
Signup and view all the answers
The government of Country C has passed a law protecting the physical safety of factory workers. What is this an example of?
Signup and view all the answers
Economist Friedrich Hayek argued that what can serve as signals in an economy?
Signup and view all the answers
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
Signup and view all the answers
Labor unions were certain to advocate for the best interests of workers because?
Signup and view all the answers
When a government decides to limit the number of goods that can be sold to another nation, that government is creating what?
Signup and view all the answers
What circumstances during the early days of industrialization led to a need for reform? Check all that apply.
Signup and view all the answers
The diagram shows different types of policies. Which would be the best label for the circle in the center?
Signup and view all the answers
Expansionary spending takes place when a government makes the decision to?
Signup and view all the answers
What part does interest play in deficit spending?
Signup and view all the answers
Because the cost of living varies, it is important to consider what when conducting a job search?
Signup and view all the answers
Study Notes
Spending and Fiscal Policies
- Discretionary spending can fluctuate annually and is not fixed.
- Fiscal policies outline government strategies for taxation and spending.
Regulation and Oversight
- The SEC supervises financial advisers to ensure fair practices.
- Regulatory policy encompasses laws protecting worker safety, such as those passed by Country C.
Job-Related Factors
- Both job lists emphasize annual wages as a critical factor in employment decisions.
- Understanding personal circumstances, like family needs and job location, are important during job searches.
Education Financing
- Paying for education in cash necessitates using savings, avoiding debt incurred through loans.
Economic Signals
- In an economy, prices are significant as they serve as indicators for supply and demand.
Labor Rights and Unions
- Labor unions prioritize workers' interests as they are formed by and for workers, promoting workplace reforms.
Trade and Economic Policies
- Trade policy is initiated when a government limits goods sold to other nations.
- Government Economic Policies effectively summarize various economic policy types.
Economic Growth Measures
- Expansionary spending involves increasing government expenditure to stimulate the economy.
- Interest plays a crucial role in deficit spending as governments must pay interest on borrowed money.
Work Conditions in Industrialization
- Early industrialization necessitated reforms due to dangerous factory equipment, lack of regulation, and extensive work shifts, generally lasting 12 to 16 hours.
Job Search Considerations
- Cost of living is a critical factor when evaluating job opportunities, highlighting the importance of location during the job search process.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Prepare for your upcoming Economics unit test with these comprehensive flashcards. Each card covers key concepts and definitions necessary for understanding discretionary spending and the role of the Securities and Exchange Commission in financial practices.
