A person who purchases goods and services for personal use

Federal and state statutes and regulations that promote product safety and prohibit abusive, unfair, and deceptive practices.

an unwritten guarantee that the good or service is fit for the purpose for which it was sold

warranty specified through oral or written communications

Body of laws governing uniform and fair dealing with transactions in the United States.

the method used by a society to produce and distribute resources, services and goods across a country.

an economic system in which the market determines production, distribution, and price decisions, and property is privately owned

refers to obligations that organizations have (1) to the preservation of the ecological environment and (2) to the general public.

The total value of money and other assets, minus outstanding debts

by making money, save money and invest money.

are measures by which the government attempts to influence the economy thorugh two main ways: fiscal and monetary policies.

Government policy that attempts to manage the economy by controlling taxing and spending.

Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.

the percentage increase in the price level from one year to the next

Gross Domestic Product- the total market value of all final goods and services produced annually in an economy

A fiscal tool of government designed to bolster a weak economy and create jobs via public works projects and deficit spending.

The rate of change of real GDP from one year to the next

A slowdown in a nation's economy

household spending on goods and services

organizations that seek to influence government in order to achieve some or all of their goals.

taking action to influence government decision making and or/the making of public policy

is someone who represents the interest organization before government, is usually compensated for doing so, and is required to register with the government

donations that are made directly to a candidate or a party and that must be reported to the FEC

trying to influence the government by using public opinion on an issue

lawsuit

a lobbying campaign in which a group mobilizes its membership to contact government officials in support of the group's position

an organization of scholars and policy experts who study public issues and write articles and books that summaraze their research

Money earned from working for pay

Income received from sources other than employment

tax on wages and salaries to finance Social Security and Medicare costs

federal program of disability and retirement benefits that covers most working people

A federal program of health insurance for persons 65 years of age and older

A federal and state assistance program that pays for health care services for people who cannot afford them.

A tax for which the percentage of income paid in taxes increases as income increases

A tax for which the percentage of income paid in taxes decreases as income increases

A tax in which the average tax rate is the same at all income levels.

a tax an individual pays directly to the government: income tax, property tax

a tax levied on goods or services rather than on persons or organizations: sales tax, use tax, excise tax