Quant
What is the term for an array of number set out in rows and columns?
A matrix
What is the term for the condition of a company in which all debt obligations can be paid when due?
Solvency
What Stage (or Stages) of production exhibit(s) increasing average physical product (APP)?
Stage 1
What type of inflation is caused by an increase in aggregate demand?
Demand-pull
In the European Union, what does CAP stand for?
Common Agricultural Policy
If one enterprise can be expanded only by reducing another enterprise, what is this
relationship called?
Competitive Enterprise
What economic term is associated with the difference between the futures price and cash price of a commodity?
Bias
What term describe a variable whose value is determined externally to the model and therefore included on the right hand side of a regression model?
Independent Variable
The process of investing in a number of different unrelated assets is called?
Diversification
What do we call the demand for inputs used to produce goods and services?
Derived Demand
What type of payments is made, for which no goods or services are produced in return?
Transfer payments
The Delaney Clause of the Food, Drug, and Cosmetic Act permitted what level of any known carcinogen as a food additive?
Zero
What type of advertising attempts to alter the demand for an entire class of products, such as all cotton products?
Generic
In the futures market, which entity acts as a third party to every trade (i.e., acts as a seller to every buyer and as a buyer to every seller)?
Clearinghouse
What is a deterministic relationship?
One without an error term
When quoting interest rates, what is used to denote 1/100 of a percent?
Basis Point
How do we refer to the area above the supply curve and below the price?
Producer Surplus
The Phillips Curve shows the relationship between the unemployment rate and what other economic factor ?
Rate of Inflation
The use of government spending and taxing for the specific purpose of stabilizing the economy.
Fiscal Plolicy
Name the method of investment analysis that estimates the time needed to recover the initial investment?
Payback Period
What type of auction begins with a high asking price, which then drops at regular intervals until the first buyer accepts it?
Dutch
In multiple regression, the process of using different combinations of variables until the best model is obtained.
Step-Wise regression
The current ratio is calculated by
Current Assets / Current Liabilities
The cost to society associated with imperfect competition is called:
Deadweight loss
A type unemployment resulting from a mismatch between the supply and demand for workers.
Structural unemployment
What is it called when an asset stays in production even though its marginal value product is below its price?
Asset fixity
A specific isocline representing a set of input price ratios the manager believes relevant can be called the firm's:
Expansion Path
The programs, covering much of the fluid milk marketed in the US, which fix minimum prices that buyers must pay.
milk marketing orders
When observations are not symmetrically distributed around the mean, the problem is commonly called:
Skewness
The percent change in the quantity demanded of one good given a 1 percent change in the price of a related good is called:
Cross price elasticity of demand
The analysis of situations involving two or more decision makers with conflicting objectives is known as what.
Game Theory
The reciprocal of the slope of the saving schedule is equal to?
The size of the multiplier
What type of rents is associated with upward sloping marginal costs curves
Ricardian rents
A personality type that tends to be aggressive, hostile, impatient, and given to use of explosive or accelerated speech patterns.
Type-A personality
A market structure where there are a few (more than one, but not many) buyers.
oligopsony