Econ Study Guide
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Inflation | show 🗑
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show | Internal Revenue Service
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show | The part of economics concerned with single factors and the effects of individual decisions.
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Conglomerate | show 🗑
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Substitution effect | show 🗑
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Goods | show 🗑
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show | A system where the laws of supply and demand direct the production of goods and services.
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show | The amount of money that a household has available for spending and saving after income taxes have been accounted for.
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A cooperative | show 🗑
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show | Represents a payment with either cash or credit to purchase goods or services.
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Financial/capital account | show 🗑
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Human capital | show 🗑
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Consumer Price Index | show 🗑
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Supply and demand | show 🗑
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Elasticity | show 🗑
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show | The future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
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show | Modern economies are characterized by specialization of the means of production and by exchange of goods and services.
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Comparative advantages | show 🗑
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Theory of rational expectations | show 🗑
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Which capital markets are the stock market associated with? | show 🗑
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What will decreasing personal tax rates do? | show 🗑
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Demand curve | show 🗑
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show | When the supply and demand curves intersect, the market is in equilibrium. This is when the quantity demanded and quantity provided are equal.
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Losses and business failures | show 🗑
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The law of comparative advantage | show 🗑
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show | When jobs are protected and total employment expands
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How does the government fund a project that creates jobs? | show 🗑
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show | The changes in economic activity from subsequent rounds of respending of tourism dollars
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Free market economy | show 🗑
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show | The limited availability of a commodity, which may be in demand in the market or by the commons.
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show | A legal form of business operation between two or more individuals who share management and profits.
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Needs | show 🗑
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Conglomerate goods | show 🗑
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show | An exchange where you give up on thing in order to get something else that you also desire.
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show | The study of individuals, households and firms' behavior in decision making and allocation of resources.
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show | A market state where the supply in the market is equal to the demand in the market.
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show | Determines how much of an item consumers are willing to purchase.
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Lassiez-faire | show 🗑
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show | A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
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show | A trade union that combines all workers, both skilled and unskilled, who are employed in a particular industry.
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show | An institution that manages the currency, money supply, and interest rates of a state or formal monetary.
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federal budget | show 🗑
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Trust funds | show 🗑
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show | Loans to city or state governments. Tax-free
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Modified union shop | show 🗑
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Lorenz Curve | show 🗑
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show | Money that has intrinsic value. It has value even if it is not used as money.
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Macroeconomics | show 🗑
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show | Organized labor's bargaining strength is a factor that helps determine wages.
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Perfect competition | show 🗑
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Internal Revenue Service | show 🗑
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