33. The following displays two arguments for and against minimum wage. For: Small business owners will not be able to make a profit if minimum wages are increased 38. How can the United States impact trade through taxation? We cannot afford to increase minimum wage. Against: An employee who works for a. increase or decrease tariffs hours a week and is paid minim wage is still living below the poverty line. We must b. increase property taxes to make real estate less attractive as an investment increase minimum wage. What conclusions can be drawn from these views? c. increase or decrease sales tax to make people spend more or less money a. Minim wage changes impact small business owners and employees. d. decrease estate tax to increase the amount of an estate that can be inherited b. Minimum wage changes impact small business owners more than employees. . Minimum wage changes impact employees more than small business owners 39 . What type of economic system does the United States have ? d. Minimum wage changes have little impact on employees or small-business owners . a . free market economy b. traditional economy 34. The five permanent members of the Security Council of the United Nations are: c. command economy United States, Russia, Great Britain, France and mixed market economy a. China. b . Japan. 40. In the former USSR consumers had to wait in long lines to buy bread. They didn't have many C . Germany . choices and the government controlled the factories. What type of economy is this? d. Canada. a . free market economy b. traditional economy 35. Which example involves changing foreign policy ? c. command economy a . Congress lifting the oil embargo on a formerly communist government . d. mixed market economy b . A Supreme Court hearing on worker discrimination C . Congress voting to construct an aid center in Pennsylvania 41. A tribe relied on hunting and gathering. The boy knew he would be a farmer just like his dad. What d. A Supreme Court justice voting to take a case involving his country kind of system does this describe? a. free market economy 36. Which of the following is NOT a way to fix a deficit ? b. traditional economy a . Increase revenue through higher taxation c. command economy b. Increase expenditures through higher taxation d. mixed market economy C . Borrow money from the international market to make up the difference d. Decrease expenditures through cutting social programs 42. What is a characteristic of a free market economy? a. profit. 37. Which level of government is primarily responsible for funding public schools? S private property a. Federal consumer sovereignty b. State public property c. Local d. Governmental organizations 43. Earnings minus expenses equals: a. price S profit deficit chance