Standard and Poors is one of the 3 premier Credit Rating
Agencies in the world.
🔄 Click to see term
Term1/22
What is a trade-off
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Definition1/22
A trade-off is an alternative that we sacrifice when we make a
decision.
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Term1/22
What signals do high prices send to producers and consumers
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Definition1/22
I asked this question why does nobody know this please help me
):<
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Term1/22
What happens when the supply of a nonperishable good is greater than the consumer wants to buy
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Definition1/22
Either the price drops until the consumers are prepared to buy
more, or supplier are left holding surplus stocks until replacement
purchases clear these inventories.
No manufactured good is truly non-perishable, and so will
eventually require replacement.
🔄 Click to see term
Term1/22
What are limited quantities of resources to meet unlimited wants
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Definition1/22
Scarcity
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Term1/22
Money that can be easily divided into smaller units of value has the characteristic of
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Definition1/22
BUTT
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Term1/22
What is the income people receive for supplying factors of production such as land labor or capital called
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Definition1/22
They are called factor payments.
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Term1/22
How can population changes affect demand for certain goods
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Definition1/22
immediate demand for a good will go up if it's price is expected
to rise.
this is how population changes affect demand for certain
goods.
🔄 Click to see term
Term1/22
What is the effect of the interaction of buyers and sellers on a market
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Definition1/22
agreement on the price and quantity traded
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Term1/22
How does a pension fund act as an investor
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Definition1/22
the company invests money collected from employers
🔄 Click to see term
Term1/22
Government programs that protect people experiencing unfavorable economic conditions are
🔄 Click to see definition
Definition1/22
Safety Net!
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Term1/22
The physical capital used by a woodworker to make furniture would include
🔄 Click to see definition
Definition1/22
saws and drills
🔄 Click to see term
Term1/22
In a traditional economy what are the economic decisions based largely on
🔄 Click to see definition
Definition1/22
Customs and traditions.
🔄 Click to see term
Term1/22
What is an unitary elastic supply
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Definition1/22
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
🔄 Click to see term
Term1/22
What is an example of scarcity rather than shortage
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Definition1/22
A person wants an endless supply of everything but cannot have
it.
🔄 Click to see term
Term1/22
When you own a mutual fund what exactly do you own
🔄 Click to see definition
Definition1/22
Mutual fund is a low risk investment. If you invest in a mutual
fund, you owns shares of the mutual fund company who is selling you
fund. But you do not actually own any underlying asset of the
stocks or securities that mutual fund has invested in even they are
using your money to invest.
🔄 Click to see term
Term1/22
Which of the following is most important characteristic of an entrepreneur
🔄 Click to see definition
Definition1/22
hard work and patience
🔄 Click to see term
Term1/22
Which is the government agency that covers customer deposits if a bank fails
🔄 Click to see definition
Definition1/22
Federeal Deposit Insurance Corporation (FDIC)
🔄 Click to see term
Term1/22
How do price changes affect equilibrium
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Definition1/22
Price changes affect the equilibrium price and quantity by
Serving as a tool for distributing goods and services.
🔄 Click to see term
Term1/22
What kind of decision cannot be made at the margin
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Definition1/22
whether to spend your two-week vacation on the shore or in
town
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Term1/22
Objects that have value in themselves and that are also used as money is the definition for
🔄 Click to see definition
Definition1/22
Objects that have value in themselves and are also used as money
are referred to as commodity money.
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Term1/22
What is the money multiplier formula
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Definition1/22
The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.
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Cards in this guide (22)
What is Standard and Poors
Standard and Poors is one of the 3 premier Credit Rating
Agencies in the world.
What is a trade-off
A trade-off is an alternative that we sacrifice when we make a
decision.
What signals do high prices send to producers and consumers
I asked this question why does nobody know this please help me
):<
What happens when the supply of a nonperishable good is greater than the consumer wants to buy
Either the price drops until the consumers are prepared to buy
more, or supplier are left holding surplus stocks until replacement
purchases clear these inventories.
No manufactured good is truly non-perishable, and so will
eventually require replacement.
What are limited quantities of resources to meet unlimited wants
Scarcity
Money that can be easily divided into smaller units of value has the characteristic of
BUTT
What is the income people receive for supplying factors of production such as land labor or capital called
They are called factor payments.
How can population changes affect demand for certain goods
immediate demand for a good will go up if it's price is expected
to rise.
this is how population changes affect demand for certain
goods.
What is the effect of the interaction of buyers and sellers on a market
agreement on the price and quantity traded
How does a pension fund act as an investor
the company invests money collected from employers
Government programs that protect people experiencing unfavorable economic conditions are
Safety Net!
The physical capital used by a woodworker to make furniture would include
saws and drills
In a traditional economy what are the economic decisions based largely on
Customs and traditions.
What is an unitary elastic supply
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
What is an example of scarcity rather than shortage
A person wants an endless supply of everything but cannot have
it.
When you own a mutual fund what exactly do you own
Mutual fund is a low risk investment. If you invest in a mutual
fund, you owns shares of the mutual fund company who is selling you
fund. But you do not actually own any underlying asset of the
stocks or securities that mutual fund has invested in even they are
using your money to invest.
Which of the following is most important characteristic of an entrepreneur
hard work and patience
Which is the government agency that covers customer deposits if a bank fails
Federeal Deposit Insurance Corporation (FDIC)
How do price changes affect equilibrium
Price changes affect the equilibrium price and quantity by
Serving as a tool for distributing goods and services.
What kind of decision cannot be made at the margin
whether to spend your two-week vacation on the shore or in
town
Objects that have value in themselves and that are also used as money is the definition for
Objects that have value in themselves and are also used as money
are referred to as commodity money.
What is the money multiplier formula
The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.