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General > Economics And Government > Flashcards

Economics And Government Flashcards

1
Q

Power of state to charge burden

A

Taxation

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2
Q

Blood of government

A

Tax

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3
Q

Power of state to Charge burden impost to land and structure

A

Real estate tax

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4
Q

Power of state for general welfare of people

A

Polis power

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5
Q

Power of state for public use

A

Eminent/exproperation power

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6
Q

Economic system base in free enterprices

A

Capitalism

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7
Q

Economic system that allow private property government property

A

Socialism

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8
Q

Economic system that doesn’t allow private property

A

Communism

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9
Q

Government in England

A

Constitutional monarchy

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10
Q

Government that elite is the one to lead

A

Aristrocacy

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11
Q

No government

A

Anarchy

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12
Q

Government that few can only lead

A

Oligarcy

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13
Q

Can lead base in talent

A

Merotocracy

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14
Q

Government like marcos legislative and executive

A

Parliamentary

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15
Q

Government that lead by people

A

Democracy

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16
Q

Governing body combined into one

A

Unicameralism

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17
Q

Executive and legislative mix

A

Parliamentalism

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18
Q

Jones law

A

Bicameralism

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19
Q

Type of economic systems

A

Traditional
Command
Market

20
Q

Only one to control products

A

Monopoly

21
Q

Many to control products

A

Oligopoly

22
Q

Individual markets

A

Microeconomics

23
Q

Whole economy

A

Macroeconomics

24
Q

Called when products value increase

A

Appreciation

25
Q

Called when products value decrease

A

Depreciation

26
Q

Willingness to buy

A

Demand

27
Q

Willingness to produce

A

Supply

28
Q

Law of demand

A

P^ D v

P v D^

29
Q

Law of Supply

A

P^ D^

P v D v

30
Q

Demand that is not essential

A

Elastic demand

31
Q

Demand that is essential

A

Inelastic demand

32
Q

Called in goods when income increases demand increases

A

Normal goods

33
Q

Called in good that when income increases demand decrease

A

Inferior demand

34
Q

Tax system Called when increases in income increases of tax

A

Progressive

35
Q

Tax system Called when increases in income decrease of tax or decrease income increases tax

A

Regressive

36
Q

Tax system Called when increases in income same parin sa tax

A

Proportional

37
Q

Called when increases in price

A

Inflation

38
Q

Called when decrease the price

A

Deflation

39
Q

Called in rapid increases of prize

A

Hyperinflation

40
Q

GDP
GNP
GNI

A

Inside Philippines products
All Filipino products
Foreign products

41
Q

Seller tax

A

Capital tax

42
Q

Adult citizen tax

A

Community tax

43
Q

Imported goods tax

A

Tariff

44
Q

Luxury good tax

A

Ad valorem tax

45
Q

Alcohol cigarettes tax

A

Sin tax

46
Q

Professional tax

A

Income tax

47
Q

Heritage tax

A

Inheritance tax

General (18 decks)

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