Economics Midterm (5)

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Author:
hey_itsdarra
ID:
252606
Filename:
Economics Midterm (5)
Updated:
2013-12-12 17:37:36
Tags:
OHS Economics
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Description:
Midterm
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  1. Products designed to last at least three years
    Durable goods
  2. Reduction of level of satisfaction
    Diminishing marginal utility
  3. People work with machines in production
    Mechanization
  4. Government imposed restriction on availability of goods
    Rationing
  5. Company that sells directly to the consumer
    Retailer
  6. The part of a loan other than interest
    Principal
  7. Loan requiring collateral
    Secured loan
  8. Two or more own a business
    Partnership
  9. What you give up when you make a choice
    Trade off
  10. United States, Canada and Mexico deal
    NAFTA

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