BusinessLabor Gov’t and the Economy Economic Systems Election Day

This is a business that controls most or all the supply of a particular good or service? Row Question

-monopoly Row Answer

-Name for two or more businesses becoming one larger business? Row Question

-merger Row Answer

-This occurs when two or more businesses that act as if they are one business and do not compete against one another? Row Question

-trust Row Answer

-This occurs when government begins a general period of fewer restrictions governing a type of business? Row Question

-deregulation Row Answer

-These are groups of workers who join together in order to gain better conditions. Row Question

-labor union Row Answer

-This is a process where workers join together and make demands as a larger group in order to gain leverage with their employers. Row Question

-collective bargaining Row Answer

-This is a method used by business owners where they fire troublesome workers and try to keep them from future employment? Row Question

-blacklisting Row Answer

Row Question -These are laws in many states which allow workers to choose whether to join the union or not—usually have weakened the power of unions?

-right to work laws / Open Shop Laws Row Answer

Row Question -Name this process where two groups within a dispute try to use a third party to give a suggested solution to their problem?

-mediation Row Answer

-This is a process where two groups within a dispute go to a third party who is given legal binding authority to decide the issue? Row Question

-arbitration Row Answer

-Name the term describing how the government taxes and spends its revenue? Row Question

-Fiscal Policy Row Answer

-This is the idea of the government regulating the amount of money in circulation? Row Question

-Monetary Policy Row Answer

-What part of the government is responsible for controlling the money supply? Row Question

-Federal Reserve Row Answer

-Name this method of regulating the money supply-- allowing less money to be created within the economy--- usually through higher interest rates? Row Question

-tight money Row Answer

-Name this method of regulating the money supply-- allowing more money to be created within the economy— usually through lower interest rates? Row Question

-easy money Row Answer

-This is the place where citizens go to vote? Row Question

-polling place Row Answer

-Name the process whereby legislators place proposed bills on the general ballot for approval after the legislators have already passed the bill? Row Question

-referendum Row Answer

-This is where a voter may encounter someone conducting a poll so that the media may better predict the winner of elections. Row Question

-exit poll Row Answer

-This is a term that describes voting only for the same political party all the way through a ballot. Row Question

-straight ticket Row Answer

-This is a term for voting that is done before election-day because a voter is going to be unable to vote on election-day. Row Question

-absentee ballot Row Answer

-Primitive economy where almost everything is made by hand. Row Question

-traditional Row Answer

-Economic situation where the government is in control of the factors of production. Row Question

-command Row Answer

-Economic situation where individuals make most of the choices. Row Question

-market Row Answer

-Economic situation where individuals and government share the power over economic decisions with individuals owning smaller businesses and government owning the largest. Row Question

-mixed Row Answer

-Another name for the market economy where individuals risk their capital for a chance to gain a profit. Row Question

-capitalism / free enterprise Row Answer