Download Economics Review Sheet

Economics Review Sheet
 Trade-off
 Production Possibility Curve
 Laissez faire
 Competition
 Centrally planned economies
 Macroeconomics
 Public good
 Effect of new technologies
 Interest groups
 Social Security
 Externality
 Demand curve
 Normal good
 Price
 Demand
 Elasticity
 Ceteris paribus
 Law of demand
 Unitary elasticity
 Marginal product
 Fixed cost
 Marginal cost
 Equilibrium
 Rationing
 Rent control
 Shortage
 Monopolistic competition
 Oligopoly
 Partnership
 Sole proprietorship
 Corporation
 Liability
 Conglomerates
 Labor unions
 EEOC
 FDIC
 Mortgage
 Liquid asset
 Free Banking Era
 Fiat
 RRR
 Equity
 Diversification
 Blue chip stock
 Stock split
 Entrepreneur
 GDP
 Capital deepening
 Great Depression
 Unemployment rate
 Seasonal and structural unemployment
 Market basket
 Purchasing power
 Income tax structures
 FICA
 Tax deduction
 Savings bonds
 Treasury bonds, notes, bills
 Character of money
 Guns and butter
 Opportunity costs
 Franchising
 Collective bargaining
 Gold standard