Social Studies Flashcard

Front

Which Constitutional amendment created a progressive federal income tax? Options: 15, 16, 17, 18

Back

16

Front

How do Federal and State governments raise funds to pay for costly repairs to infrastructure?

Back

Taxes

Front

Federal income tax that supports health care for individuals over the age of 65?

Back

Medicare

Front

A federal government program that helps disabled individuals, or people over the age of 65?

Back

Medicare

Front

Which part of the SMART goal is missing? “During my 11th grade year I plan to improve my academics in my CORE subjects. I will know I have reached my goal by comparing my final report card from 10th grade to my final report card from 11th grade.

Back

Measurable

Front

What does the T stand for in a SMART goal?

Back

Time-bound

Front

Which of the following economic principles can be applied to the above quote? Equilibrium, Bankruptcy, Production possibilities curve, Opportunity cost

Back

Opportunity cost

Front

“The __________ of earning a college degree is that you will incur costs, and miss out on earnings and other experience while attending. Think of all the costs you pay, the cost of tuition, any associated costs, those add up. At the same time you will miss out on any income, experience, and pleasure you may not be able to participate in while you choose to attend college.” Which of the following terms best fits this quote?

Back

Opportunity cost

Front

Which debts are paid back first in the case of a bankruptcy filing?

Back

Secured debts and bankruptcy fees

Front

The above announcement by the Bank of Jamaica represents a new form of ________ for Jamaica.

Back

Barter Banking, Credit system, Financial exchange, Equilibrium