Market Structures (April)
A market structure in which a single seller controls the entire market supply of a good or service.
Monopoly
The economic model that explains how prices are determined by the relationship between how much of a good is available (supply) and how much consumers want it (demand).
Supply and Demand
The profit earned from selling an investment or asset for more than its purchase price.
Capital Gains
When Mr. Casey started teaching at CCHS
2023-sophnore year- global II
Obstacles that make it difficult for new firms to enter a market
Barriers to entry
A sustained increase in the overall price level of goods and services in an economy over time.
Inflation
The ease with which an asset can be converted into cash without losing value.
Liquidity
Name of the essay you write on a Global II regents
enduring issues essay
A firm that must accept the market price because it has no power to influence it.
Price Taker
The value of the next best alternative that is given up when making a decision.
Opportunity Cost
A situation in which a country imports more goods and services than it exports.
Trade deficit
room number where you took global II (sophomore year social studies room)
306
An agreement between firms to limit competition, often by fixing prices or controlling supply.
Collusion
The total value of all final goods and services produced within a country in a given year.
Gross domestic product
The skills, education, and experience possessed by workers that increase productivity.
Human Capital
What is the address of Challenge Charter High School?
15-20 Central Ave, Far Rockaway, NY 11691
A market structure characterized by many buyers and sellers, identical products, and no barriers to entry or exit.
Perfect Competition
Government decisions about taxation and spending to influence the economy.
Fiscal Policy
A measure of how responsive consumers or producers are to changes in price.
Elasticity
Day quarter 4 ends
June 5th