Show:
Business Organizations & Market Stuctures
Fiscal Policy
Monetary Policy
Supply & Demand
Economic Definitions
100
Ran by one person
What is a sole proprietorship
100
tax only issued by local government
What is property tax
100
fed is shrinking money supply
What is tight money policy
100
a good that helps another good
What is a complimentary good
100
allows money to keep its value
What is limited availability
200
opposite of a pure competition, only one seller of a particular product
What is a monopoly
200
lower spending and increase taxes
What is contractionary fiscal policy
200
fed is expanding money
What is easy money policy
200
the total amount of a good or service that is available to purchase at a given price
What is suppy
200
controls the money supply
What is the fed
300
Joined by two or more persons
What is a partnership
300
increase spending and lower taxing
What is expansionary fiscal policy
300
open market operations, discount rate, reserve ratio
What is the tools of the monetary policy
300
the want or desire to posses of a good or service
What is demand
300
which the what, know & for whom questions are answered by supply and demanders
What is market economy
400
A theoretical market structure
What is pure competition
400
who is responsible for fiscal policy
What is congress and the white house
400
Responsible for monetary policy
What is the Fed
400
price, inputs, technology, expectations, number of sellers
What is determinants of supply
400
a condition from society not having enough resources to produce all things people would like
What is scarcity
500
Management, No separate income tax, keep own profit
What is an advantage of a sole proprietorship?
500
Tools of the fiscal policy
What is taxing and spending
500
Goals of monetary policy
What is to promote maximum employment, stable prices and interest rates
500
price of a good or service, price of related good, income, tastes and preferences and expectations
What is determinants of demand
500
Land, Capital, Labor, and entrepreneurs
What is factors of production