This is the study of how people seek to satisfy their needs and wants through choices made
What is economics
100
An important factor of production since it can save people and companies both time and money is called this.
What is physical capital
100
When the stock market is rising it is called this.
What is a bull market
100
This is when a political system identified by a centrally planned economy and all economic and political power is in the hands of the central government.
What is communism
200
This was the nation's first true central bank
What is the Federal Reserve
200
The study of the behavior and decision making of entire economies is called this.
What is macroeconomics
200
A certificate issued by a corporation which promises to repay with interest the amount borrowed from the buyer is called this.
What is a bond
200
One of the most common forms of investment is called this
What is certificate of deposit
200
This is a doctrine that states a government basically shold not intervene within the marketplace.
What is laissez faire
300
A tax imposed on an imported good is called this
What is a tariff
300
A decline in the real GDP combined with a rise in the price level is called this.
What is stagflation
300
The sharing of earnings given as payment is called this.
What are royalites
300
The interest a bond issuer will pay to a bondholder is called this
What is coupon rate.
300
This is a statement referring to the trade-off that a nation faces when it chooses whether to produce more or less military or consumer goods.
What is guns or butter
400
This is a means of preventing a foreign product or service from freely entering a nation's territory.
What is trade barrier
400
This is when a nation has the lower opportunity cost in producing a certain good.
What is comparative advantage
400
A settlement technique in which a third party reviews the case and imposes a decision that is legally binding for both sides is called this.
What is arbritration
400
The market for selling financial assets that can only be redeemed by the original holder is called this.
What is a primary market
400
This consists of about 2000 banks and other financial institutions that facilitate the buying and selling of foreign currencies.
What is Foreign Exchange Market
500
The use of trade barriers to protect industries from foreign competition is called this
What is protectionism
500
A tax for which the percentage of income paid in taxes increases as income increases is called this
What is progressive tax
500
A business combination that merges more than three businesses that make unrelated products is called this
What is a conglomerate
500
The option to sell a share of stock at a specified time in the future at a price specified today is called this.
What is a call option
500
The relationship between a nation's imports and its exports is called this