Business Organizations
Money
Supply and Demand
Market Structures
Monetary and Fiscal Policy
100
Business organization that a single individual owns.
What is a sole proprietorship?
100
Any asset that can be used to purchase goods and services.
What is money?
100
The ability and willingness to obtain a good or service.
What is demand?
100
Has a very large number of producers.
What is pure/perfect competition?
100
The federal government's approach to spending, borrowing, and taxation.
What is fiscal policy?
200
Organization in which stockholders each own some of the business.
What is a corporation?
200
A producer's ability and willingness to produce and sell a good or service.
What is supply?
200
Its very easy to enter into these structures.
What are perfect and monopolistic competition?
200
Managing the money supply to influence interest rates and the availability of credit.
What is monetary policy?
300
Individual income taxes on profits
What is a sole proprietorship?
300
Money does not deteriorate easily.
What is durability?
300
Has an indirect relationship.
What is demand?
300
An example of this is gas stations.
What is monopolistic competition?
300
Includes buying and selling securities.
What is monetary policy?
400
More difficult to start, must receive permission by the governement
What are cons of a corporation?
400
Characteristic of money that allows it to keep its value.
What is limited availability?
400
Tastes and preferences, income, population level, etc.
What are non-price determinants of demand?
400
Products produced have distinct features or are standardized.
What is an oligopoly?
400
Congress and the president are responsible for this.
What is fiscal policy?
500
The owners are not responsible for any debt obtained
What is a corporation?
500
The US dollar before we abandoned the gold standard.
What is representative money?
500
Movement on the curve.
What is a change in quantity demanded/supplied?
500
The most impossible structure to enter.
What is a monopoly?
500
Sets and directs monetary policy, has seven governers and five presidents, one of which is always from New York.
What is the FOMC?
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