Shared Flashcard Set

Details

Chapter 33 Review
Review of chapter 33
9
Economics
Undergraduate 1
01/24/2014

Additional Economics Flashcards

 


 

Cards

Term
If Corporate taxes were raised business would go.....
Definition
bankrupt or move
Term
The Tax System is the governments....
Definition
redistributing income
Term
Progressive Tax
Definition
Make more taxed more
Term
Regressive Tax
Definition
Pay a bigger percentage than a person who makes more based on percentage
Term
Market Failure is?
What's it caused by
Definition
Market Power
Public Good
Equity
Externalities
Term
Market Power
Definition
Monopolies
Term
Public Goods
Definition
Nobody can be excluded
Term
Equity
Definition
Income distribution
Term
Externalities
Positive:
Negative:
Definition
Cost to a third party
can be positive or negative
Postitive=school
Negative= ciagarettes
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