Gov’t RevenueBusinessLabor Economic Performance How a Bill becomes Law

-This is a type of tax that is based on the ability of a person to pay and people who make more money should pay a greater percentage? Row Question

-progressive Row Answer

-Type of tax that is paid on an equal percentage by everyone-- -can be unfair to those with less of a disposable income? Row Question

-regressive Row Answer

-Tax that is based on the money one earns and this tax is usually progressive? Row Question

-income Row Answer

-Which tax is placed upon certain items such as gas, alcohol, and cigarettes? Row Question

-excise Row Answer

-Tax rate that is placed upon certain items as they are imported into the nation? Row Question

-tariff Row Answer

-This is a business that controls most or all the supply of a particular good or service? Row Question

-monopoly Row Answer

-Name for two or more businesses becoming one larger business? Row Question

-merger Row Answer

Row Question -This occurs when two or more businesses that act as if they are one business and do not compete against one another?

-trust Row Answer

Row Question -This occurs when government begins a general period of fewer restrictions governing a type of business?

-deregulation Row Answer

-These are groups of workers who join together in order to gain better conditions. Row Question

-labor union Row Answer

-This is a process where workers join together and make demands as a larger group in order to gain leverage with their employers. Row Question

-collective bargaining Row Answer

-This is a method used by business owners where they fire troublesome workers and try to keep them from future employment? Row Question

-blacklisting Row Answer

-These are laws in many states which allow workers to choose whether to join the union or not—usually have weakened the power of unions? Row Question

-right to work / open shop Row Answer

-Name this process where two groups within a dispute try to use a third party to give a suggested solution to their problem? Row Question

-mediation Row Answer

-This is a process where two groups within a dispute go to a third party who is given legal binding authority to decide the issue? Row Question

-arbitration Row Answer

-How does a bill get into Congress? Row Question

-sponsored by Congressman Row Answer

-This is an action taken by a legislative committee that places a bill to the side without a vote of approval or denial. Row Question

-pigeonhole Row Answer

-These are meetings held by legislative committees in order to allow public comments and information to be given to legislative committees. Row Question

-public hearings Row Answer

-This is the right of a Senator to hold the Senate floor for am unlimited amount of time— usually threatened as a form of killing or revising a bill the Senator opposes. Row Question

-filibuster Row Answer

-This is the process where the President does not sign a bill and Congress has adjourned and after ten days the bills dies rather than becoming law. Row Question

-pocket veto Row Answer

-This is a term for the cyclical ups and downs of the economy? Row Question

-business cycle Row Answer

-This is a measure of how well a person lives? Row Question

-Standard of Living Row Answer

-What is the value of all the goods and services produced in the nation each year? Row Question

-GDP Row Answer

-This is a survey of many goods and services that are compared to the same goods and services over time to measure the increase or decrease in prices? Row Question

-Consumer Price Index Row Answer

-Term for the general rise in the value of goods and services—rise in inflation caused value of money to decrease? Row Question

-Inflation Row Answer