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Chapter 24 Government intervention keywords

Last updated over 1 year ago

8 questions

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Question 1

1.

What is taxation

Amount paid to businesses

Amount of money paid to the government from income/profit

Amount of money paid to government by high income earners

Question 2

2.

What are subsidies?

Question 3

3.

What are regulations?

Question 4

4.

What is meant by Monoply power?

More than one firm dominating the market

One firm sets average costs of the market

One firm dominates the market

More than one firm setting average costs of the market

Question 5

5.

What are fines?

Question 6

6.

What are Anti-competitive practices?

Question 7

7.

What is meant by a national minimum wage?

Question 8

8.

What are subsidiaries?