Show:
Market Structure
Finance
Macroeconomics
Business Cycle
Money and Banking
100
what is perfect competition?
ideal model of a market economy
100
what does a financial intermediary do?
collect funds from savers and invest them
100
what is GDP and how do you calculate it?
market value of all the final goods and services produced in a nation within a given time period GDP= C+I+G+N
100
what is stagflation?
when prices rise while businesses struggle
100
what is the difference between standard of value and store of value?
standard of value- determines the economic worth in the exchange process store of value- something that holds its value over time (can be saved)
200
what is monopoly?
market with one seller and product without close substitutes
200
what is the difference between a capital and money market?
capital is a long term financial investment and money market is short term.
200
what are the two types of investments you could have?
fixed and inventory investment
200
what is macroeconomic equilibrium?
aggregate demand = aggregate supply
200
what are the economic properties?
scarcity and acceptability
300
List all the different types of monopolies
Natural, Government, Technological, Geographical Monopoly
300
what are the the two different types stocks called?
common and preferred stock
300
what is a transfer payment?
things not included in government spending (social security)
300
what are the stages of a business cycle?
expansion, peak, contraction, trough
300
what is commodity money?
intrinsic value based on material
400
what are the characteristics of nonprice competition?
many sellers and buyers similar but differentiated products limited control of prices freedom to enter or exit the market
400
what does the bull and bear represent?
bull represents rising stock market prices and bear is falling stock market prices.
400
what is a net export and how do you find it?
goods/services made int he USA, but sold in other countries Net exports= USA exports- USA Imports
400
why do business cycles happen?
1)business decisions -demand slump -new technology 2)changes in interest rate 3)consumer expectations 4)external issues
400
what are the physical properties?
durable portable divisible uniformity
500
what are the characteristics of perfect competition?
many buyers and sellers standardized product free entry/exit to the market place independent buyers and sellers well informed buys and sellers
500
List all the different types of bonds and what they are for?
corporate bond-business treasury bond-keeps federal government spending municipal bond-state and local gov spending junk bond- high risk, high yield corporate bonds
500
what is the difference between nominal and real GDP?
Nominal gap states in terms of current value of goods and services real gap corrected from changes in prices from year to year
500
what factors affect growth?
1)natural resources 2)human resources 3)capital 4)technology and innovation
500
Define federal deposit insurance corporation
government insures customer deposits if a bank fails