Unit 3: Government and the Economy
Vocabulary: competition, intervention, externality, public good, private good, traditional economy, market economy, command economy, mixed economy, invisible hand, laissez-faire, price floor, price ceiling, minimum wage, rent control, unemployment, inflation
Click here for a Quizlet vocabulary set.
Topics:
Economic Systems - Traditional, Command, Market, Mixed (see Quizlet for definitions)
Invisible Hand
Laissez-Faire vs. Government Intervention
Plastic Bag Fee
Should there be a Fee on Plastic Bags?
Minimum Wage
Should we Raise the Minimum Wage?
Free College
Should College Tuition be Free?
Pros and Cons of Tuition-Free College
Taxes - Income, Sales, Property
Deficit vs. Debt
Economic Systems - Traditional, Command, Market, Mixed (see Quizlet for definitions)
Invisible Hand
Laissez-Faire vs. Government Intervention
Plastic Bag Fee
Should there be a Fee on Plastic Bags?
Minimum Wage
Should we Raise the Minimum Wage?
Free College
Should College Tuition be Free?
Pros and Cons of Tuition-Free College
Taxes - Income, Sales, Property
Deficit vs. Debt