UNIT 7
The failure of market?
What are the conditions to competitive markets that don't exist?
The unskilled labor?
What are workers whose jobs do not require training or skills?
The governments revenue?
What are taxes?
The governments spending?
What income does the government spend and on what?
The financial market?
What are bonds and stocks?
The negative of externality?
whats the harm of in inconvenience suffered by a third party or others?
The wage rate?
What is the standard amount of pay given for the amount of work given and performed?
The sales tax?
What is the simple tax levied on most consumer purchases?
The public sector?
Part of the economy that makes up of federal, state, local governments?
The marketplace?
What are securities and the things being traded?
The perfect competition?
What is the market the best well informed and independent buyers and sellers exchange product?
The collective bargaining?
What takes place between labor and management over issues as pay, working hours, and health care coverage.
The economic impact of taxation?
What is the behavior change in a economy and its consumers choices?
The private sector?
What the sector is made up of private individuals and businesses that are private?
The New York Stock Exchange (NYSE)
What are the securities being sold and traded?
The collusion?
What is the formal agreement that set's prices or behave in a cooperative way?
The arbitration?
Whats the third party that brought in, and final decision made by third party must be accepted by both parties and neutral judge.
The regressive tax?
What is the tax that imposes a higher rate on persons that make less income than the ones who make most?
The distribution of income?
What way which income is allocated among families, individuals, or others that are designated in the economy group.
The primary markets?
Where new securities such as IPO's are created and or sold?
The economies of scale?
what is the situation in which the average cost of production falls as a firm gets larger?
The theory of negotiated wages?
What states the bargaining strength of a labor union determines wages?
The behavior adjustment?
When higher taxes discourage certain behaviors like sin tax?
The impact of government spending?
What is the affecting resource allocation?
The stock market?
When inverters buy shares of ownership of a companies publicly traded shares?