A. Proportional tax	H. Comparative advantage	O.License
B. Progressive tax	I.Peak	P. Capital deepening
C. Estate tax	J. European Union	Q. International Monetary Fund
D. Excise tax	K. Real GDP	R. Frictional
E. Tax incentive	L. Structural	S.Tariff
F. Nominal GDP	M. Absolute advantage	T. Technological progress
G.Cyclical	N.Trough	U. Gift tax

Group II

19. Unemployment that is dependent upon economic downturns andupswings

20. The high point of the businesscycle

21.A tax for which the percentage of income paid in taxes remains the sameforallincomelevels

22.Type of unemployment that occurs when workers' skills don't match thejobsthat areavailable

23.This trade barrier imposes a tax on importedgoods

24.This factor of long-term economic growth involves an increaseinefficiencygained by producing more output without using moreinputs.

25.The ability of a nation to produce a good at a lower cost than anothernation

26.A tax for which the percent of income paid in taxes increasesasincomeincreases

27.Gross domestic product expressed in constant, or unchanging,prices

28.An example of this unemployment is when someone leaves a job to lookfora betterone.

29.An organization that stabilizes international exchange rates andhelpspromotedevelopment

30.The lowest point of the businesscycle

31. The process of increasing the amount of capital perworker

32. Gross domestic product measured in currentprices

33.An informal type of trade barrier that involves foreign companiesobtainingthisinordertobeallowedtosellaproductinthecountry

34.The ability of a nation to produce a good at opportunity costs that arelowerthanthat of anothernation

35.A tax that often discourages the sale of certaingood

decide if it is true or false.

36. The policy of openness in Russia in the 1980s was called"glasnost."

37.Deng Xiaoping was the leader of China who used tools of the freemarkettoimprove the productivity of the Chinesepeople.

38.Deng's "Four Modernizations" were aimed at improving the areasofagriculture,industry, science and technology anddefense.

39.The U.S. Constitution gives the federal government the power totaxchurchservices.

40.Federal taxes do not need to be the same in everystate.

41.The more elastic the demand for a good, the more the seller bears the burdenofa tax.

42.An example of cost-push inflation is when gas stations raise the priceofgasbecause the cost of importing oil hasrisen.

43.By far, the worst kind of inflation is cost-pushinflation.

44. As inflation rises, the purchasing power of moneyfalls.

45.One of the biggest problems of the elderly is that the governmentdoesnotincrease Social Security benefits to keep up withinflation.