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Market Structure
Money + Banking
GDP
Business Cycle
Finance
100
An ideal model of a market economy
Perfect Competition
100
durable, portable, divisible, and uniformity are _______ Properties.
Physical
100
True or False: GDP is market value of all the final goods and services produced in a nation within a give time period.
TRUE
100
The point before you reach the peak
What is Expansion?
100
True or False: The rising of stock market prices is Bear Market
FALSE (Bull Market)
200
True or False: Price Makers are firms that HAVE to consider competitors when setting the price of its products.
FALSE (doesn't have to)
200
True or False: FDIC stands for federal deposit investment corporation
FALSE (federal deposit INSURANCE corporation)
200
The N in the GDP equation is.
Net Exports
200
An extension of a recession marked with high unemployment.
What is Depression?
200
True or False: It's best to buy low and sell high
TRUE
300
True or False: Predatory pricing is when businesses set prices above cost for a time to drive competitors out of a market
FALSE (below)
300
You use this to spend something using future money (plastic money)
What is credit card
300
Social security and unemployment are examples of...
transfer payments
300
When aggregate demand = aggregate supply
What is Macroeconomic Equilibrium?
300
The amount a bond issuer must pay at maturity
Par value
400
Complete freedom to enter or exit the market are characteristics of which two competitions?
Perfect and Monopolistic
400
failure to pay back loans is called
What is Default?
400
True or False: the equation for finding GDP is C + G+ I + N
FALSE ( C + I + G + N )
400
True or False: Interest rates are good when they are low
TRUE
400
True or False: Capital money are short term financial investments
FALSE (long term)
500
Wholesale distribution is an example of...
Oligopoly
500
Exchanging goods and services without using money
What is Barter?
500
the study of the economy as a whole.
What is macroeconomics?
500
True or False: GDP per capita is Real GDP multiplied by total population
FALSE (divided)
500
profit made from the sale of a security
What is capital gain?