The Government Taxes, Borrows, and Spends Page 83 What would happen if you took the school bus home ? The police would make you bring it back ! took the.

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Presentation transcript:

The Government Taxes, Borrows, and Spends Page 83 What would happen if you took the school bus home ? The police would make you bring it back ! took the school bus home ? The police would make you bring it back !

Standard 13c Essential Understandings: The government taxes, borrows, and spends to influence economic activity. Essential Questions: How does the government influence economic activity? Vocabulary: tax revenue, 16 th Amendment

Candy Questions

What economic term means combining resources to make a product or service?

What economic term means that which is given up when a choice is made?

Which government agency wants us to take better care of the Earth?

Name one reasons that states and countries trade with each other.

What do banks do to encourage people to deposit money?

What form of business is authorized to act as an individual regardless of the number of owners?

What gives consumers the best product at the best price?

Which economy offers consumers the least amount of choices?

What economic term means the inability to satisfy all wants and needs at the same time?

What type of crime is petty theft, disorderly conduct, and littering?

CX_Mwww.youtube.com/watch?v=3Q6Ti9x CX_M

nomics/taxes/ nomics/taxes/

Government tax increases reduce the funds available for private and business spending; tax decreases increase funds for private and business spending.

Increased government borrowing reduces funds available for borrowing by individuals and businesses; decreased government borrowing increases funds available for borrowing by individuals and businesses.

Increased government spending increases demand, which may increase employment and production; decreased spending reduces demand, which may result in a slowing of the economy.

Increased government spending may result in higher taxes; decreased government spending may result in lower taxes.

dIUP9ocwww.youtube.com/watch?v=AWv- dIUP9oc

The 16 th Amendment to the Constitution of the United States of America authorizes Congress to tax incomes (personal and business).

On the left side of your notebook, illustrate, with arrows, three of today’s main points.