Top Economics Flashcards - Page 2 by ProProfs

Economics Chapter 12

Cards: 13| Attempts: 24| Last updated: Mar 2, 2017

Social Institution

A Major Sphere Of Social Life, Or Societal Su...

Economy

The Social Institution That Organizes A Socie...

Post-industrial Economy

Productive System Based On Service Work And H...

Primary Sector

Part Of The Economy That Draws Raw Materials ...

Explain The Economics Of Monopoly And Its Elements Flashcards

Cards: 13| Attempts: 24| Last updated: Jun 18, 2020

Market Power

The Ability To Alter The Market Price Of A Go...

Market Demand

The Total Quantities Of A Good Or Service Peo...

Patent

Government Grant Of Exclusive Ownership Of An...

Monopoly

A Firm That Produces The Entire Market Supply...

Economic Theory Flashcards

Cards: 13| Attempts: 22| Last updated: Aug 31, 2020

Which Of The Following Best Describes The I...

Establish The Basis For Depreciable Assets An...

An Auditor's Decision Concerning Whethe...

Extend Auditing Procedures.

Which Of The Following Circumstances Genera...

The Auditor Is Unable To Obtain Sufficient Ap...

According To The IIA's Standards, An In...

Management Of The Internal Auditing Departm...

Economics Chapter 3 Questions

Cards: 13| Attempts: 22| Last updated: Apr 14, 2017

Describe The General Trends In Marriage In ...

The Study Of Marriage Is Important To An Econ...

Why Would An Economist Argue That The Gains...

Gains To Marriage Are: 1. Speacialization ...

Describe The Principal-agent Problem. H...

Principle-agent Problem Is When Thee Agent Is...

How Do Economies Of Scale And Risk-sharing ...

Economies Of Scale Produce Gains In A Marriag...

Chapter 11 Vocab

Cards: 13| Attempts: 20| Last updated: Sep 30, 2015

Investment

The Act Of Redirecting Resources From Being C...

Financial System

The Network Of Structures And Mechanisms That...

Diversification

The Strategy Of Spreading Out Investments To ...

Portfolio

A Collection Of Financial Assets

Explain The Following Economics Of Investments Flashcards

Cards: 13| Attempts: 19| Last updated: Jun 18, 2020

This Year, Alan Purchases A Home Built In The...

Does Not Count As Investment Spending.

Human Capital Refers To:

Workers' Education Or Training.

Human Capital Development Often Comes From:

Government And Private Spending For Education...

Domestic Savings And Foreign Savings Are:

Sources Of Funds For Investment Spending.

Economics Of Demand And Supply Flashcards

Cards: 13| Attempts: 19| Last updated: May 4, 2020

If The Demand Curve For Product B Shifts To T...

A And B Are Complementtary Goods

When The Price Of A Product Rises, Consumers ...

The Substitution Effect

With A Downsloping Demand Curve And An Upslop...

Increase Equilibrium Price And Quantity If Th...

An Increase In Product Price Will Cause:

Quantity Demanded To Decrease

Explain The Theory Of Business Cycle Flashcards

Cards: 13| Attempts: 18| Last updated: Mar 31, 2021

Thestudy Of Aggregate Economic Behavior Is&nb...

Macroeconomics

Alternating periods Of Growth And Contra...

Business cycles

Which Of The Following Is A Basic Measure Of ...

Output Growth unemploymentinflation

Which Is Of The Following Is A Downturn In Th...

Higher Unemployment Rates

What Does The Following Flashcards Illustrates About Economic Trade

Cards: 13| Attempts: 18| Last updated: Mar 12, 2020

The Physical Export Of Motocycles From The Un...

Trade Flow

The Spending By Americans While Travleing In ...

Financial Flow

The Emigration Of Software Designers From Ind...

Resource Flow

The Purchase By And American Firm Of The Righ...

Technology Flow

Choose The Correct Option From Business Flashcards

Cards: 13| Attempts: 18| Last updated: Apr 7, 2020

No One Needs Soda So Why Drink It A) Soda Is...

C) The Expected Additional Benefits Of Anothe...

A Universal Health Insurance Program Which Lo...

B.increase Non-monetary Costs Of Medical Care...

If Price Of Insulin Significantly Increases M...

D.all Oof The Above

Which Of The Following Statements Are True A...

C.both A And B Are True

Chapter 15 Comparative Political & Economic System Flashcards

Cards: 13| Attempts: 17| Last updated: Sep 3, 2020

Authoritarian

A Form Of Government In Which Power Is ...

Coalition

A Temporary Alliance Of Political Parties F...

Apartheid

A System Of Racial Segregation And Oppressi...

Theocracy

A Form Of Authoritarian Government In Which...

Chapter 13 Economic Vocab

Cards: 13| Attempts: 15| Last updated: Sep 22, 2015

Unemployment Rate

% Of Labor Force That Is Jobless And Actively...

Underemployed

Part-time Workers Who Want To Work Full-time ...

Full Employment

No Unemployment Caused By Decreased Econ...

Frictional Unemployment

Temporary Unemployment Of Ppl Changing Jobs

Economic Quiz 2

Cards: 13| Attempts: 14| Last updated: Sep 30, 2015

Elasticity

Numerical Measure Of Responsiveness Of Quanti...

Law Of Demand

Consumers Will Buy More Of A Product When Pri...

Price Elasticity Of Demand Calculation &...

Percentage Change In Quantity Demanded ...

All Price Elasticities Are Reported As Not Ne...

True

Business Of Economics Final Study

Cards: 13| Attempts: 11| Last updated: Jul 13, 2017

What Does The Aggregate Demand And Aggregate ...

Fluctuations In RGDP And The Price Level

What Does The Intersection Of The Aggregate D...

Real GDP & The Price Level

What Causes Fluctuations In RGDP And Price Le...

Shifts In The Aggregate Supply/demand Curves

What Shows The Relationship Btw The Price Lev...

Aggregate Demand Curve

Economic, Social, And Political "revolution," 1877 - 1900

Cards: 13| Attempts: 10| Last updated: Sep 22, 2015

Growth Of Top Industries

- Tobacco (cigarettes)- Textiles - Furni...

Urbanization

- People Began Settling In Piedmont Where Ind...

Farm Tenancy

- Rent - Sharecropping

Sharecropping

- Most Common Form Of Tenancy- Wealthy Farmer...

What Do You Know About Theory Of Demand And Supply Curve In Economic Flashcards

Cards: 13| Attempts: 7| Last updated: Mar 31, 2021

What Is The Demand Curve Measuring?

This Measures The Relationship Between Price ...

What Is The Supply Curve Measuring?

This Measures The Relationship Between Price ...

How Do We Find Equilibrium?

Where Demand And Supply Intersect. This Is Th...

What Is The Difference Between Change In Dema...

One Indicates A Movement Along A Single Deman...

Economics Review Part 1

Cards: 13| Attempts: 7| Last updated: Sep 22, 2015

What Does The Concept Of Purposeful Behavior ...

People Make Different Choices Because Their C...

Economic Systems Differ According To What Two...

Ownership Of Resources And Methods Of Coordin...

What Is The Main Problem With Barter?

It Encourages Self-interest And Selfishness

Which Fundamental Question About A Competitiv...

How Will The System Promote Progress?

2-1 Measuring Economic Activity

Cards: 13| Attempts: 6| Last updated: Sep 16, 2015

Gross Domestic Product

GDP

The Total Dollar Value Of All Final Goods And...

GDP Per Capita

Output Per Person (calculated By Dividing GDP...

Unemployment Rate

The Portion Of People In The Labor Force Who ...

Economics- Chapter 4: Demand

Cards: 13| Attempts: 6| Last updated: Sep 16, 2015

What Is Demand?

Demand Is The Amount Of Good Or Services A Co...

What Is QUANTITY Demanded?

The Amount Of A Good Or Service That A Consum...

What Does The Law Of Demand Infer?

An Increase In The Price Of A Good Will Decre...

What Is Diminishing Marginal Utility?

The Natural Decrease In The Utility Of A Good...

Economics Review

Cards: 13| Attempts: 6| Last updated: Sep 17, 2015

Demand Deposits (checkable Deposits) Are Mone...

D) A Medium Of Exchange

The Federal Open Market Comittee Of The Feder...

C) Setting The Fed's Monetary Policy By Direc...

In The United States, The Money Supply Design...

A) Federal Reserve Notes, Coins, Demand Depos...

Which Of The Follwoing Statements Most Accura...

C) They Are Privately Owned And Publically Co...