Match the Term with the Definition

question 34

Multiple Choice

Match the term with the definition.
-International economic body established in 1994 through the General Agreement on Tariffs and Trade to enforce substantial tariff and import quota reductions. Many corporations welcomed these trade barrier reductions, but critics linked them to job loss and the weakening of unions.

• A)Americans with Disabilities Act (ADA)
• B)Clean Air Act of 1990
• C)Earned Income Tax Credit (EITC)
• D)Iraq War
• E)Patient Protection and Affordable Care Act
• F)Persian Gulf War
• G)Personal Responsibility and Work Opportunity Reconciliation Act
• H)No Child Left Behind Act
• I)North American Free Trade Agreement (NAFTA)
• J)USA Patriot Act
• K)World Trade Organization (WTO)

Know the challenges and failure rates of small businesses and strategies to mitigate these risks.

Acknowledge the role and impact of not-for-profit organizations in economic development through business incubators.

Understand the obligations of small businesses regarding workers' compensation and Social Security.

Grasp the concept and benefits of employee ownership and its implementation in companies.

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Definitions:

Deviance

Behaviors or actions that violate social norms, including formally-enacted rules as well as informal understandings of acceptable conduct.

Crime

Activities that violate the laws of a society and are punishable by authorities.

Execution Costs

Expenses associated with carrying out or implementing a project, policy, procedure, or capital punishment, including planning, administration, and operational expenses.

Taxpayer

An individual or entity that is legally obligated to pay taxes to a federal, state, or local government.