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Public Goods, Services, and Taxation
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public goods and services:provided by the government
nonexclusive:people can't be kept from using the good or service even if they didn't pay for it
shared consumption:use of a product by one consumer doesn't reduce the benefit to another
incentive:a thing that motivates or encourages one to do something
taxation:required payments to the government
revenue:income
cost:the amount that has to be paid or given up to get something
benefit:something that promotes well-being
16th Amendment:legal for the federal government to collect taxes
income tax:percentage of what you make
surplus:having more money than you spend
deficit:difference between how much money you owe and how much money you have
budget:plan for receiving and spending money
Public Goods, Services, and Taxation
Across:2. | percentage of what you make | 4. | the amount that has to be paid or given up to get something | 8. | legal for the federal government to collect taxes | 9. | plan for receiving and spending money |
| 10. | a thing that motivates or encourages one to do something | 11. | something that promotes well-being | 12. | people can't be kept from using the good or service even if they didn't pay for it | 13. | provided by the government |
| | Down:1. | income | 3. | required payments to the government | 5. | use of a product by one consumer doesn't reduce the benefit to another |
| 6. | difference between how much money you owe and how much money you have | 7. | having more money than you spend |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only
Public Goods, Services, and Taxation
Across:2. | percentage of what you make | 4. | the amount that has to be paid or given up to get something | 8. | legal for the federal government to collect taxes | 9. | plan for receiving and spending money |
| 10. | a thing that motivates or encourages one to do something | 11. | something that promotes well-being | 12. | people can't be kept from using the good or service even if they didn't pay for it | 13. | provided by the government |
| | Down:1. | income | 3. | required payments to the government | 5. | use of a product by one consumer doesn't reduce the benefit to another |
| 6. | difference between how much money you owe and how much money you have | 7. | having more money than you spend |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only