Top Economics Flashcards - Page 3 by ProProfs

Key Elements Of Economics Of Collective Decision Making Flashcards

Cards: 18| Attempts: 4| Last updated: Sep 10, 2020

Transfer Payments

Payments To Individuals Or Institutions That ...

The Differences And Similarities Between Gove...

1. Competitive Behavior Is Present In Both Th...

Public-choice Analysis

The Study Of Decision Making As It Affects Th...

Incentives Confronted By The Voter

Votes Realize That Their One Vote Will Not Af...

Define The Following Terms Of Foreign Direct Investment Flashcards

Cards: 31| Attempts: 4| Last updated: Mar 31, 2021

MNC

An Enterprise That Engages In Foreign Direct ...

FDI

Investment Thats Made Across Borders; Investm...

Portfolio Investment

NOT THE SAME AS FDI!; Purchase In Stocks Or 1...

Location (Home Country, Host Country)

Home Country: where The MNC Has Its Head...

Econ Test 2

Cards: 58| Attempts: 3| Last updated: Sep 22, 2015

The Economic Expansion Began In 1991 Lasted

12 Years

What Would A Rightward Shift Of The Labor Dem...

Firms Want To Hire More Workers Than Before A...

Which Of The Following Could Explain A Leftwa...

B

In The Classical Model, An Increase In The De...

Cause A Shortage Of Labor Because The Labor M...

Define The Following Terms Of The Corporate Law Flashcards

Cards: 11| Attempts: 3| Last updated: Mar 31, 2021

Propritorship

A Buisness Owned And Run By 1 Person

Unlimited Liability

Owner Is Responsible 4 Everything Debts Ect.

Corporation

A Form Of Buisness Organization Reconized By ...

Charter

Government Document That Gives Permission 2 C...

Chapter 17 Economic Policymaking

Cards: 29| Attempts: 2| Last updated: Sep 22, 2015

What Is Offshore Outsoucing (sometimes Called...

Is Corporate Lingo For Moving Operations And ...

Who Were The Three Presidents Who Pushed Glob...

-President George H.W. Bush Bargained The Nor...

What Is Capitalism?

An Economic System In Which Individuals And C...

What Is Mixed Economy?

An Economic System In Which The Government Is...

Economics II - Test 2

Cards: 14| Attempts: 2| Last updated: Sep 17, 2015

Equilibrium

Where The Q(d) = Q(s)

Price Elasticity Of Demand

Relative Response Of Quantity Demanded Of Pro...

Elastic

Greater Than Proportional Change In Q(d)Luxur...

Inelastic

Less Than Proportional Change In Q(d)Necessit...

Ch 2 Economics

Cards: 39| Attempts: 2| Last updated: Sep 18, 2015

Sensible Buyers Or Sellers Want To Continue A...

A. As Long As Addtl Benefits Outweigh Addtl C...

Econ Growth Entails An Increase In The Rate O...

A.wealth

What Might Prompt A Fresh Colege Grad To Turn...

D.all Of The Above

If Households Were To Swwitch Productio...

C. Increase,increase

Economics Final Review

Cards: 66| Attempts: 2| Last updated: Sep 18, 2015

Factors Of Production

Land,labor, Captial; The Resources That Are U...

Land

A Factor Of Production; all Natural ...

Labor

A Factor Of Production; The Effort People Dev...

Human Capital

A Factor Of Production; The Knowledge And Ski...

Explain The Theory Of Economic Systems And Its Types Flashcards

Cards: 27| Attempts: 1| Last updated: Mar 31, 2021

4 Types Of Economic Systems

-traditional -command -market -mixed

Traditional: -economic Decisions Based On......

Customs And Beliefs Change Lower Aborigine...

Command: -Economic Decisions.... -____ Owns...

-are Made By Government -government Owns Fac...

Market System Definition

An Economic System In Which People And Firms ...

Economics 1 Section 1-3 Key Terms

Cards: 15| Attempts: 1| Last updated: Dec 25, 2016

Traditional Economy

Economic System In Which The Allocation Of Sc...

Command Economy

Economic System Characterized By A Central Au...

Market Economy

Economic System In Which Supply, Demand, And ...

Social Security

Federal Program Of Disability And Retirement ...

Economics Chp 1 Test

Cards: 28| Attempts: 1| Last updated: Sep 16, 2015

What Is A Situation In Which Some Necessities...

Paradox Of Value

Manufactured Goods Needed To Produce Other Go...

Capital Goods

Division Of Labor Is A Characteristic Of...

Assembly Line Production

The Study Of Economic Is Important Because It...

Better Decision Makers.

Economics Chapter 3

Cards: 35| Attempts: 1| Last updated: Sep 18, 2015

Business Owend And Run By One Person

Sole Proprietorship

Owner Is Personally And Fully Responsible For...

Unlimited Liability

Stock Of Finished Goods And Parts In Reserve ...

Inventory

Firm Legally Ceases To Exist When The Owner D...

Limited Life

CONCEPT OF ECONOMICS

Cards: 10| Attempts: 0| Last updated: Sep 8, 2020

Who Is A Consumer

A Consumer Is A One Who Consumes Goods N Serv...

Consumption

Process Of Using Up Utility Value Of Goods An...

Production

An Economic Activity In Which One Is Engaged ...

Investment

An Economic Activity Which Is Concerned With ...

ME II Ch1,2,3,4,5,8

Cards: 53| Attempts: 0| Last updated: Sep 22, 2015

1) Which Of The Fo...

· fluctua...

2) Primar...

· long-ru...

3) Gross Domestic Product Is

· the Qua...

4) Business Cycles In Macroeconomics Are ...

· short-r...

Macroeconomic

Cards: 32| Attempts: 0| Last updated: Sep 22, 2015

1. ...

B)The Price Of Pizzas Falls.**Own Price Will ...

If Beer And Pizza Are C...

A Decrease in The Demand For Pizzas

What Would Happen In Th...

The Pric...

What Wou...

...

Macroeconomic 3

Cards: 36| Attempts: 0| Last updated: Sep 22, 2015

During WWII, In Germany Prisoners-of-war Camp...

Cigaretters

The U.S. Economy Has Been Characterized By Bu...

The Federal Deposit Insurance Corporation

To Decrease Money Supply, The Fed Can..._____...

Increase The Reserve Requirement, Increase Th...

The Federal Funds Rate Is...

The Interest Rate That One Bank Charges Anoth...

The Privity Limitation & Pure Economic Losses

Cards: 9| Attempts: 0| Last updated: Sep 17, 2015

The Privity Limitation

Balancing Of Various Factors:1. the Ext...

H.R. Moch Co. V. Rensselaer Water Co.

RULE: A Contract Between A City And A W...

Glazner V. Shepard

Bean WeighingRULE: The Law Imposes A Du...

Food Pageant V. Consolidated EdisonLilpan Foo...

A

Intro To Rhetorical Theory

Cards: 75| Attempts: 0| Last updated: Sep 18, 2015

List And Explain Homer's 3 Functions Of Langu...

1. Heuristic: "The Inventive Proc...

List Three Reasons Why Rhetoric Developed In ...

1. Economic/Geographical Factors2. &nbs...

What 3 Things Did The Sophists Teach?

1. Truth Is Relative To The Time, Place...

Define Endoxa

Premises Taken To Be Prob...

Chapter 1: Economics And Business

Cards: 18| Attempts: 0| Last updated: Nov 26, 2015

Goods

Tangible Products

Services

Intangible Products

Resource Allocation

The Commitment Of A Society’s Productiv...

Foreign Direct investment (FDI)

Cross-border Physical investment In ...

EC 110 Test 2 Review

Cards: 5| Attempts: 0| Last updated: Sep 22, 2015

In The Figure Above If The Min Wage Is $2 Per...

D. The Q Of The Labor Supplied Is # Million H...

2. Which Of The Following Is Not A Determinan...

B. The Steepness For The Supply Curve For The...

3. Consumer Surplus Before The Tax Is Equal T...

D. $100

4. The Amount Of The Tax Rev. Is Equal To (se...

D. $40