afoolforlove
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Match each good with the type of good it represents.
1: Individual good
2: Public good
3: Merit good
Health care
: Infrastructure projects
: Stock investments
Sort the statements below into the correct order (1-3) in which the federal budget is prepared.
1: 1
2: 2
3: 3
: Congress decides on the overall level of spending and taxation and passes specific spending bills.
: The president signs various spending bills into law.
The Office of Management and Budget (OMB) and the president prepare a proposed budget.
Match each type of tax with an example of its use.
1: 1 percent charged on the value of all residential houses
2: 15 percent charged on all wages
3: 5 percent charged on profits from selling stocks
: Personal income tax
: Capital gains tax
Property tax
Match each role with the action performed by people playing that role.
1: Provide labor and investment
2: Provide public goods
3: Provide individual goods
: Producer
: Government
Consumer
Match each type of restriction with an example of its use.
1: Requiring unions to give 60 days notice before going on strike
2: Requiring that money laundering be reported
3: Charging a 70 percent tariff on imported steel
: Labor law
: Banking regulation
Trade restriction
Match each type of government action with its purpose.
1: To protect competition
2: To collect revenue
3: To control the population
: Antitrust laws
: Censorship
taxation
1: Individual good
2: Public good
3: Merit good
Health care
: Infrastructure projects
: Stock investments
Sort the statements below into the correct order (1-3) in which the federal budget is prepared.
1: 1
2: 2
3: 3
: Congress decides on the overall level of spending and taxation and passes specific spending bills.
: The president signs various spending bills into law.
The Office of Management and Budget (OMB) and the president prepare a proposed budget.
Match each type of tax with an example of its use.
1: 1 percent charged on the value of all residential houses
2: 15 percent charged on all wages
3: 5 percent charged on profits from selling stocks
: Personal income tax
: Capital gains tax
Property tax
Match each role with the action performed by people playing that role.
1: Provide labor and investment
2: Provide public goods
3: Provide individual goods
: Producer
: Government
Consumer
Match each type of restriction with an example of its use.
1: Requiring unions to give 60 days notice before going on strike
2: Requiring that money laundering be reported
3: Charging a 70 percent tariff on imported steel
: Labor law
: Banking regulation
Trade restriction
Match each type of government action with its purpose.
1: To protect competition
2: To collect revenue
3: To control the population
: Antitrust laws
: Censorship
taxation