Economics Midterm (5)

Products designed to last at least three years

Durable goods
Reduction of level of satisfaction

Diminishing marginal utility
People work with machines in production

Mechanization
Government imposed restriction on availability of goods

Rationing
Company that sells directly to the consumer

Retailer
The part of a loan other than interest

Principal
Loan requiring collateral

Secured loan
Two or more own a business

Partnership
What you give up when you make a choice

Trade off
United States, Canada and Mexico deal

NAFTA

Author

hey_itsdarra

ID

252606

Card Set

Economics Midterm (5)

Description

Midterm

Updated

12/12/2013, 10:37:36 PM

Show Answers