Chapter 3 and Chapter 4

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1.
1 point
A set of strict guidelines for maintaining ethics in the workplace.
2.
1 point
A division of the Department of Labor that sets and enforces work- related health and safety rules
3.
1 point
A general decrease in the cost of goods and services.
4.
1 point
An important measure of a country's economic health is its level of
5.
1 point
A federal agency that enforces rules that protect the environment and control pollution.
6.
1 point
Requires that men and women be paid the same wages for doing equal work..
7.
4 points
When you calculate the GDP economists compute the sum of goods and services. These areas include
Consumer goods and services
Business goods and services
Government goods and services
Goods and services sold to other countries
8.
1 point
Measures the number of people who are able to work but don't have a job during a given period of time.
9.
1 point
Economic activity slows down.
10.
1 point
A rise in business activity after a recession or depression.
11.
1 point
A division of the Department of Labor that sets and enforces work-related health and safety rules.
12.
1 point
The total of money a government owes
13.
1 point
The difference between planned spending and actual spending
14.
1 point
A general increase in the cost of goods and services
15.
1 point
A peak of economic activity.
16.
1 point
Factories that have unsafe working conditions.
17.
1 point
A deep recession that affects the entire economy and lasts for several years.
18.
1 point
The amount of goods and services the average citizen can buy.
19.
1 point
The total value of the goods and services produced in a country in a given year is called.
20.
1 point
A government agency protects consumers from dangerous or falsely advertised products.
21.
1 point
A set of moral principles by which people conduct themselves personally, socially, or professionally.
22.
4 points
Four phases of the business cycle can be identified as __________,___________,_________________,_________________
23.
1 point
When the government spends more on programs than it spends on programs, or income exceeds expenses.