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Econ Final 2024 12/11

Horizontales
Great Depression was caused by__________ in the stock market
Arbitration is when a _____ party that listens to both sides and then imposes a legal binding decision
the economic The Economic theory which describes the incentives which free markets sometimes create for self-interested people to act unintentionally in the public interest was written by Adam _____
A regressive tax places a greater burden on this group
laborers who work primarily with their hands because they lack job training are considered __skilled
Mediation is when a third party to meet with each side and propose a ____-binding solution
a company authorized to act as a single entity (legally a person) and recognized as such in law
Used to trade for other goods without the use of money
A franchise is a contract that gives ___clusive rights to sell a product in a given area
When the government removes many of these rules and allow a market become more competitive it is called __regulation
______index is measured by adding the inflation rate to the unemployment rate
Human effort/a factor of production
Fertility rate is one of three determinants of population growth. The other two are the death rate and _______ immigration
a product or service for which demand decreases as a consumer's income increases
The supply for works or art would be considered __elastic
Unemployment caused by innovative production processes
Consumer sovereignty is when consumers have the power to decide what ____produced
Money made out of precious metals such as silver or gold
____ ethic is a strong commitment to the value of hard work
Where two or more firms which compete in the same market and make similar goods combine it is called a ____ merger.
a _____-and-desist order requires someone to stop an unfair practices
An economy which relies on habit, custom and ritual to produce goods
money that has intrinsic value, meaning that it has value even if it is not used as money
the expense of creating one more item for sale is called marginal ____
A situation where the amount of capital per worker in an economy increases is capital deepen___
The Federal Reserve Banks oversees _____ policy
A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive
All coins are made by the US _______
Street where are the majority of stocks in the United States are traded
A company that sells stock in itself to individual investors is called ____ the counter
The Great Depression took place in this decade
A professional is a worker with knowledge-based education and managerial ____
Part of the US Government whose primary purpose is to enforce the law against market manipulation is called the Securities Exchange Commission, or the ___
Verticales
When an economic activity imposes a cost on a third party that is not accounted for in the market price it is called a ______externality
Corporations have __limited life
When jobs are sent to a foreign country it is called _tsourcing
An annual inflation rate of over 600%
“In order to trade one good for another, both parties in the transaction must have what the other one wants. This is called a _______ coincidence of need
A business owned by one person is called a _____proprietorship
A shortage of something
An exceptionally risky bond/ a below investment grade with a great risk of issuer default
the desirable characteristics of _____ are that is it portable, durable and divisible
a market structure where many companies sell similar but differentiated products, and no one company has a monopoly is _____ competition
An economic principle that states that the additional satisfaction gained from consuming each extra unit of a good or service decreases as the quantity consumed increases is ________marginal utility
A corporation which is made up of four or more companies None of these businesses made up over ___% of their profits
When representatives of the workers meet with management and negotiate a new contract it is called ____ bargaining
Federal Reserve’s power to regulate the economy by changing the _____ ratio
An economy with high inflation and high unemployment
Tools used in production/ a factor of production
There is no such thing as a free _____
a change in quantity demanded occurs when the demand increases or decreases in response to a ____ in price
An organized refusal to work until certain demands are met
One way to balance risk and reward in your investment portfolio by ___versifying your assets
inventers exclusive rights to produce and sell a product
Unemployment which results from the normal swings in the business cycle
an economic principle that states that the additional satisfaction gained from consuming more of a product or service decreases as consumption increases, aka diminishing ____
governments as a way of mitigating the impact of scarcity and dealing with economic challenges without the use of prices
The fractional reserve system is used by the ____ which is short for the Federal Reserve
A put option is an agreement which allows the purchaser of the option to _____ the stock at a specified price in the future
Seniority is depending upon the ______ someone has been on the job
To give up one thing in exchange for another is called a trade-___
ownership refuses to let workers into the workplace to prevent a strike
A sale which allows one to make money if the price of a stock goes down
The supply for works or art would be considered __elastic
Exclusive rights to publish intellectual property is called a ____right
the lowest wage that can be paid by law is the minimum _____