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Economics

Frederik Thompson ∙

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Term1/10

What are the positive and negative effects of globalization to hospitality industry

Definition1/10

what are the positive and negative effects of globalization to hopitality industry?

Term1/10

What best describes the purpose of raising and lowering the required reserve ratio

Definition1/10

To manage the economy by increasing or decreasing the amount of loans being made

Term1/10

What are Normal Trade Relations

Definition1/10

The designation of a country with which beneficial trade status (lower tariffs, limited restrictions) has been declared. The status Permanent Normal Trade Relations (PNTR) was created in 1998 to replace the former title of Most Favored nation (MFN).

Term1/10

What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income

Definition1/10

Get another job to increase income.

Term1/10

What is one effect of a price ceiling

Definition1/10

A shortage of supply

Term1/10

Segregation was a limitation on what

Definition1/10

Civil Rights, those rights that most take for granted. Segregation affected all aspects of life for those segregated; Politics, Social, Educational, Judicial, etc.

Term1/10

The fed buys 5 billion worth of treasury bonds on the open market what effect does this have on the money supply

Definition1/10

The Fed sells $5 billion worth of Treasury bonds on the open market.

Term1/10

The level of volatility in a market measures what

Definition1/10

How quickly prices go up and down in that market.

Term1/10

How can the government prevent speculators from rushing into and out of a country's market and disrupting its economy

Definition1/10

by using capital controls

Term1/10

What would happen if banks decide to keep more of their assets as reserves in order to avoid risking a shortage of required reserve

Definition1/10

The economy would slow dramatically due to a shortage of bank loans.

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Cards in this guide (10)

What are the positive and negative effects of globalization to hospitality industry

what are the positive and negative effects of globalization to hopitality industry?

What best describes the purpose of raising and lowering the required reserve ratio

To manage the economy by increasing or decreasing the amount of loans being made

What are Normal Trade Relations

What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income

Get another job to increase income.

What is one effect of a price ceiling

A shortage of supply

Segregation was a limitation on what

Civil Rights, those rights that most take for granted. Segregation affected all aspects of life for those segregated; Politics, Social, Educational, Judicial, etc.

The fed buys 5 billion worth of treasury bonds on the open market what effect does this have on the money supply

The Fed sells $5 billion worth of Treasury bonds on the open market.

The level of volatility in a market measures what

How quickly prices go up and down in that market.

How can the government prevent speculators from rushing into and out of a country's market and disrupting its economy

by using capital controls

What would happen if banks decide to keep more of their assets as reserves in order to avoid risking a shortage of required reserve

The economy would slow dramatically due to a shortage of bank loans.

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