Part of economics associated with Large-scale or general Factors.
100
What are natural resources?
Materials made by occurrences in nature. Etc. Oil, water, gold ore
100
Equity Finance is..
The sale of shares of stock.
100
What is a Financial Market?
Institutions through which individuals who have money they wish to save can supply these funds directly to persons or companies that wish to borrow money for investment.
100
What is a Intermediary?
A third party which acts as a link between two other parties. Usually helps link savers and borrowers.
200
Medium of Exchange is..
An Item buyers can use to purchase goods and services.
200
What is a Store of value?
An Item people can use to transfer purchasing power from the present into the future.
200
Debt Finance is..
The sale of bonds
200
What are good examples of a intermediary? (Name one)
Banks and mutual Funds
200
Unit of Account is..
A yard stick used to establish the value of different goods and services.
300
The unemployment rate is...
defined as the percentage of the labor force unable to find a job.
300
The period between a Peak and a Trough in economic activity is called a...
Recession
300
CPI measures...
Cost of purchasing a market basket of goods or services intended to be representative of a consumption of a typical consumer.
300
A period between a trough and peak in economic activity is called a...
Expansion
300
Physical Capital is...
When workers are given more up-to-date Items and equipment/Machinery, and rely on use of large quantities of capital per worker to achieve high levels of production.
400
What is Net exports
The difference between the of domestically produced goods sold to foreigners and value of foreign-produced goods purchased by domestic buyers.
400
What are three types of Aggregate?
Gross Domestic Product (GDP), The cost of living, unemployment rate.
400
Capital goods are...
Long-Lived goods that are themselves produced and are used to produce other goods, without being used up in the process.
400
Government purchases include...
Includes all goods purchased by Federal, State, and local government.
400
If Exports surpass Imports, a country runs on....
Trade surplus
500
Goods used up in the production of a final good are called...
Intermediate Goods
500
The average output per person in the US economy in 2008 was over...
$43,000
500
What year did the total real output of the US increase by a factor of nearly thirty-two?
Since 1900
500
The economy's total output divided by total number of workers employed is called...
Average Labor Productivity.
500
Alternating periods of Expansion and Recession is referred to as the...