Vocabulary for Unit III + Second Assignment

1.Using Chapter 9, define each of the following (31 pts). Incorporate all of them into a short story or comic (31 pts). Due Thursday the 15th (even) and Friday the 16th (odd)

1Revenue
2Taxes
3Exemption
4Deductions
5Excise Tax
6Estate Tax
7Gift Tax
8Customs Duty
9Standard of Living
10Free Enterprise
11Recession
12Inflation
13Fiscal Policy
14Monetary Policy
15Disposable Income
16Federal Reserve System
17Reserve Requirements
18Discount Rate
19Open-Market Operations
20Bond
21Keynesianism
22Deficit
23Monetarism
24Federal Budget
25Office of Management and Budget
26Congressional Budget Office
27Resolution
28Reconciliation
29Gross Domestic Product
30Entitlements
31National Debt

2. Get graphic organizer on taxes from me. Use pp. 191-194 to answer it. Read about "Tax Policy and the Public Good" on page 195 and answer (on the back of your graphic organizer) the following question in a 1-paragraph mini toulmin (with claim, clarification, evidence and warrant):
"Should the U.S. government use taxation to redistribute wealth to people who need it?"

Bonus points if you bring the book back to me tomorrow (for even).

3. Also, on the back, answer the following question using the cartoons below.





What are these cartoons trying to say about Obama and taxes?