Business and Government Unit Test – Flashcards

Labor unions were certain to advocate for the best interests of workers because

When a government decides to limit the number of goods that can be sold to another nation, that government is creating

Which body manages the Fed

Which best describes why governments collect taxes?

Which group does the Fed serve?

A business owner would most likely create a cooperative instead of buying a franchise because

Two doctors who join forces in business form a

US federal income tax is progressive by law, but which best explains why is it sometimes regressive in practice?

On which of these are individuals required to pay income taxes in the United States? Check all that apply. wages tips property store purchases investment earnings

The development of many new businesses helps limit

In which of the following ways do governments spend money to meet public needs? Check all that apply. by protecting the public by arming the public by providing health care by supporting education by building roads and bridges

What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries?

Spending that can change from year to year is known as __________ spending.

To be successful, what must an entrepreneur be willing to invest? Check all that apply. money unemployment personal safety time considerable effort

Articles of partnership establish