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Related Flashcards
Related Topics
Cards In This Set
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Market Economy
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An economic system based on free trade and competition
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Command Economy
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An economic system in which the government controls a country's economy.
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Mixed Economy
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An economic system that combines private and state enterprises
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Opportunity cost
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2nd choice
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EPA
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Protects the environment
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FAA
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Responsible of transportation airplanes builder
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FDC
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Includes one or more fire hose inlet connections on a sprinkler or standpipe system.
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FTC
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Production of safety
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FCC
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Censor
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Monetary Policy
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The management of the money supply and interest rates
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Federal Reserve Board
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Establishes banking practices and regulates currency in circulation as well as the amount of credit available
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Fiscal Policy
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A government policy for dealing with the budget (especially with taxation and borrowing)
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Price stability
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No sudden increase or decrease in the overall price of goods
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GDP |
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy
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CPI
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Consumer Price Index (changes in average price of consumption - or cost of living)
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