What cartel controls the world's supply of oil (or gasoline)?
What is an agreement between competing firms to control prices or exclude entry of a new competitor in a market?
Which of the following is NOT controlled by OPEC?
When supply goes up what happens?
When supply goes down what happens?
What economic term describes 'High Inflation, High Unemployment, and no economic growth (stagnation)'?
What term describes the US economic system where every dollar is backed a specific amount of gold?
in THEORY, Which of the following would NOT be a result of President Nixon's choice to abandon the Gold Standard?
Which of the following is NOT a part of Reaganomics?
How did Reagan plan on encouraging consumer spending or saving?
Besides lowering taxes, how else did Reagan improve the economy during the 1980s?
Which of the following does NOT reveal the darker side of Reganomics?
What theory states that the economy will grow if the government makes it easier for businesses to provide goods and services?
How does the government create a national policy that follows Supply Side Economics?
What did NAFTA remove between North American nations?
Which of the following is NOT a result of NAFTA?
Stock Market Crash during the late 1990s. Investors poured millions of dollars into unknown tech companies.
Economic disaster in the late 2000s caused by over lending and over speculation in the US Housing Market.
Who is to blame for the 2008 economic crisis (great recession)?
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