Show:
Banks
Random Definitions
The Market
Theorists
Jokes
100
A process by which the government affects the economy by influencing the expansion of money and credit.
What is a monetary policy?
100
The study of the way society makes decisions about the use of scarce resources.
What is economics?
100
The quantities that sellers will offer for sale at various prices during given periods of time, and the quantities of a good or service that buyers will purchase at various prices during a given period of time.
What is supply and demand?
100
Adam Smith
Who was the father of capitalism?
100
To get to the other side.
Why did the chicken cross the road?
200
The price charged for borrowing money
What is an interest rate?
200
A mistaken belief that what occurs before some event is logically the cause of it.
What is the post-hoc fallacy?
200
A place for commerce; a network of buyers or sellers.
What is the market?
200
John Galbraith
Who argued that the post-war emphasis on private-sector production had produced a state of private affluence and public squalor?
200
12 seats
What does PNM and a maxi have in common?
300
Easy money- a monetary policy of low interest rates, easy availability of credit, and growth of the money supply. Tight money- A monetary policy of high interest rates, more difficuly availability of credit, and a decrease in the money supply.
What is easy money? And tight money?
300
A more precise term than capital for machinery, factories, warehouses, and equipment used to produce goos and services, as distinct from financial capital.
What is real capital?
300
Milton Friedman
According to this theorist, free markets will largely resolve their own economic problems more effectively is they are left alone rather than subjected to government intervention.
300
Because red means stop
Why do blondes wear green lipstick?
400
The amount of extra revenue an investment by a business in a new machinery, new technology, or a new plant will bring in.
What is rate of return?
400
The period of technological innovation and factory production, beginning in Britain in the late 18th century, that eventually changed the economy from one that was largely agricultural and rural to one that was industrial and urban.
What is the Industrial Revolution?
400
-Income -Population -Tastes and Preferances -Expectations -Prices of substitute goods
What are the 5 basic changes that can take place in customer demand for a product?
400
Population and food production
What theory was Thomas Malthus known for?
400
They're both empty from the neck up
What does a blonde and a beer bottle have in common?
500
An allowance for inflation that is built into all interest rates
What is inflation premium? Why is it one of the most important factors built into all interest rates?
500
A society's social values and institutions, such as stable government, that are favourable to businesses attempting to produce and sell goods or services.
What is environment for enterprise?
500
A price set by the interaction of demand and supply in which the absence of surpluses or shortages in the market means there is no tendency for the price to change.
What is equilibrium price?
500
Adam Smith believed...
Who belived that human beings are motivated primarily by self-interest, or the desire each of us has to better our condition in lif?
500
Maple Leaf
What is the definition of prison?