Micro Economics Final
Card Set Information
Micro Economics Final
These are known as "debt instruments?"
The Knowlege and skills possessed by the work force?
What is the distinctive characterisitc of a natural monopoly?
Downward Slopping ATC Curve
Represents a net outflow of dollars to the reast of the world?
Three major things that must be stated on a bond?
Principle, interest, and terms
Who proposed five stages of economic development?
Term for income earned on stock?
An industry in which one firm can achieve economies of scale over the entire range of market supply?
The decline of what nation's poverty led to a significant decline in global poverty?
When the bond market is good, how does the stock market fare?
Provide money for enterpreneurial ventures?
What destroyed the basis for natural monopoly?
What needs to happen if global poverty is to be cut in half?
3.8% economic growth per year.
What is the poverty rate in America?
Since 1985, the U.S. has been a net...?
What basic needs do poor nations have?
Water, roads, schools, and legal systems.
What is the key to ending global poverty
How many people are in severe poverty?
Over a billion
What keeps a lid on upward mobility?
Social Institutions and economic stagnation
Give three costs of regulation?
Administrative, compliance, efficiency
What has deregulation generally done?
Lower prices, better services, and more competition.
How do firms raise capital in the stock market?
Sell stock and ownership
For whom is inflation good?
An international organization which often arranges currency "bailouts?"
International Monetary Fund
The price of one country's currency expressed in terms of another's?
Refers to the fall in the price of one currency relative to another?
Stocks of gold held by a government to purchae foreign exchange?
Name the three financial markets?
Stocks, Bonds, and Futures
What is the vital process of the intermediary?
Spreading the risk
Type of reasons to get a job?
Social, psychological, economic
Holdings of foreign exchange y official government agencies, usually the central ank or treasury?
Foreign exchange markets
The devaluation of what currency had a domino effect on other Asian currencies?
A system in which exchange rates are permitted to vary with market supply and demand conditions?
Flexible Exchange Rates
A summary of a country's international economic transactions in a given period of time?
Balance of payments
Three ways the financial markets assist the economy?
Mobilize savings, manage risk, and signal resource allocation