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Economics Midterm (3)

The flashcards below were created by user hey_itsdarra on FreezingBlue Flashcards.

  1. State issued license for a business to conduct business
    Corporate charter
  2. Where the supply and demand curves cross
    Equilibrium price
  3. Federal Reserve System
    Fed
  4. John Stuart Mill
    "Utilitarianism"
  5. Socialistic government with a constitution
    Democratic Socialism
  6. Buyer of goods and services
    Consumer
  7. There is just not enough for us to have all we want
    Scarcity
  8. State law limiting interest that borrowers can be charged
    Usury Law
  9. Hands off policy by the government
    Laissez- Faire
  10. Borrowing money for less than one year
    Short term financing
Author
hey_itsdarra
ID
252604
Card Set
Economics Midterm (3)
Description
Midterm
Updated
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