Terms.
What is equilibrium?
Is the point at wich supply and demand meet supply.
What termes denfies in econ?
Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
What is the law of supply?
an increase in the price of goods or services results in an increase in their supply.
What is alberts favorite thing?
Tanks.
Whats supply and damand shift?
Demand increases.
What is the major term in econ?
What is the supply curve?
A supply curve is a graph that shows the correlation between the supply of a product or service and its price.
What is the law of demand?
when the price of a product goes up, the quantity demanded will go down – and vice versa.
What is sammy's favorite thing to do in the whole entire world world?
Shopping.
Identify a supply or demand shifter.
A tax is placed on banana.
Terms of econ
There are four economics concepts that are key to understanding economic decision making: scarcity, supply and demand, incentives, and costs and benefits. Scarcity refers to the fact that valued resources are limited in quantity.
Supply curve.
The supply curve illustrates the correlation between the cost of a product or service and the quantity of it that is available. The supply curve is shown in a graph with the price on the left vertical axis and the quantity supplied on the horizontal axis.
What are the major laws in econ?
Marshall gave laws of economics definition as Laws of Economics or statements of economic tendencies, are those social laws, which relate to branches of conduct in which the strength of the motives chiefly concerned can be measured by money price.
?
You could steal 100 point from other team.
A tax is placed on banana?
Supply shifts (shifts to the left.)
Citation (of data)
A short description of data, including their author, title, distributor, persistent identifier, and date.
Clearing banks
Financial institutions that clear trades in government securities, agency securities, and other money market instruments for non-bank dealers.
Coincidence of wants
Each participant in an exchange is willing to trade what he or she has in exchange for what the other participant is willing to trade.
what is the pricing ceiling?
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service.
Collections (government)
Government income from taxes imposed on businesses and individuals and fees assessed on activities and services provided by the government.
Collateralized obligations (CDO)
Collateralized debt obligation: A security that represents a claim on cash flows generated by a pool of debt obligations.
Collateralized loan obligation (CLO): A security that represents a claim on cash flows generated by a pool of loans.
Collateralized mortgage obligation (CMO): A security that represents a claim on cash flows generated by a pool of mortgages.
Command economy (elementary)
An economic system where the government owns the resources and decides what goods and services are produced. The government also decides on price.
Commercial Paper Funding Facility (CPFF)
A Federal Reserve lending facility designed to provide a liquidity backstop to U.S. issuers of commercial paper. The CPFF is intended to improve liquidity in short-term funding markets and thereby contribute to greater availability of credit for businesses and households. The CPFF was discontinued February 1, 2010.