AG EOC Unit 9 (Easy)

Economic system where the means of production are privately owned

• Capitalism

• Socialism

• Communism

• Feudalism

Socialist economies tend to develop using this political lens:

• Market Economy

• Command Economy

This type of policy takes place at the Federal Reserve, the nation's national bank.

• Fiscal Policy

• Monetary Policy

• Apportionment Policy

• Equity Policy

Equilibrium price occurs when

• supply and demand run parallel on the graph

• demand becomes larger than supply

• supply becomes larger than demand

• supply and demand intersect on the graph

As it relates to trade under the Articles of Confederation,

• the central government controlled trade between states and foreign entities.

• the central government banned all foreign trade.

• there was no central government control, so states could impose tariffs on each other.

• Britain would receive 10% of all export taxes.

This was legislation used to combat the Great Depression.

• New Deal

• Great Society

• Reaganomics

• Square Deal

Among other things, the ___ introduced Medicare and Medicaid, which provided health insurance for the elderly and poor

• Contract with America

• Fair Deal

• Great Society

• New Deal

The powers to tax and regulate interstate commerce represent this type of policy:

• Fiscal Policy

• Monetary Policy

• Fiduciary Policy

• Modern Monetary Theory

A mixed economy combines the best parts of which other economies? ^{This question has two correct answers.}

• Market and Command

• Traditional and Market

• Command and Traditional

• Socialism and Capitalism

A laissez-faire economic system would

• be against most government involvement.

• prefer a one-party system.

• produce strong regulations against corporate power.

• ensure equality for all Americans.