Show:
Business Organizations
Supply and Demand
Economoies
Investment
Miscellaneous
100
Establishes overtime, child labor laws, and minimum wage
What is the Fairl Labor Standards Act of 1938
100
Chart showing all possible prices for each quantity demanded
What is demand schedule?
100
Model showing the exchange between government, households, and businesses
What is the circular flow model?
100
Purchases made with the intent of selling for a profit at a later date
What is investment?
100
Decrease of money supply strengthens purchasing power
What is deflation?
200
Collection of workers with common goals of pay, benefits, and business
What is a labor union?
200
Too much of a product
What is a surplus?
200
Economy where government owns the factors of production
What is command economy?
200
Amount of money paid for borrowing from a lender
What is interest rates?
200
Separating the creation of a product into steps where each employee completes one step
What is division of labor?
300
Non-binding legal agreement where a third party guides discussions
What is mediation?
300
Price where supply and demand are equal
What is equilibrium price?
300
Economy where people own the factors of production
What is market economy?
300
Commission that insures bank deposits up to $250,000 in case of bankruptcy
What is FDIC?
300
Increase in the money supply weakening the purchasing power
What is inflation?
400
Binding legal agreement where third party dictates outcome
What is arbitration?
400
Not enough of a product
What is a shortage?
400
Economy where people own some of the factors of production and government owns other factors?
What is mixed economy?
400
Piece of company purchased by individuals
What is stock?
400
Single business controlling entire industry
What is a monopoly?
500
Workers refusal to work until management signs a contract
What is a strike?
500
Chart showing all possible prices for each quantity supplied
What is supply schedule?
500
Economy characterized by trading of goods where value is based upon the situation
What is traditional economy?
500
Investments that reduce risk to shareholders by investing in many different stocks
What is mutual funds?
500
The mastery of one task required in making of a product
What is specialization?