Fundamental Economic Concepts
Microeconomic Concepts
Macroeconomic Concepts
International Concepts
Personal Economics m
100
As the price of goods rises the quantity of supply rises
What is law of supply
100
C+I+G+(X-M)
What is GDP Formula
100
Limits placed on imported goods
What is quotas
100
A document detailing the terms and conditions of a contract of insurance.
What is policy
200
Cell(capital, entrepreneurship, land, and labor
What is 4factors of production
200
As the of price of good rises the quantity demanded falls
What is law of demand
200
Government spending and taxing decisions
What is Fiscal Policy
200
Government grant given to domestic companies
What is subsidies
200
Amount of money that you pay for an insurance policy or coverage
What is premium
300
The next best alternative
What is opportunity cost
300
Shows the various quantities demanded of a particular product at all prices that might prevail in the market at a given time
What is demand schedule
300
Cyclical, Structural, & Frictional
What is types of unemployment
300
Tax placed on imported goods
What is tariffs
300
Amount of money you have to pay out of pocket
What is deductible
400
Inputs used to make goods and services
What is productive resources
400
A graph showing the quantity demanded at each and every price that might prevail in the market
What is demand curve
400
Store of value, unit of account, & medium of exchange
What is 3 Functions of Money
400
Both countries refuse to trade
What is embargo
400
Monthly expense that does not change
What is fixed expense
500
An action or task that someone else does for you and you pay for
What is service
500
The demand curve that shows the quantities demanded by everyone who is interested in purchasing the product.
What is market demand curve
500
The actions of the FED or the Federal Reserve to control the money supply and to stabilize the economy
What is monetary policy
500
Guidelines for imports
What is standards
500
Monthly expense that changes
What is variable expense
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