Economics

Card Set Information

Author:
benmfox
ID:
3201
Filename:
Economics
Updated:
2009-12-15 21:32:21
Tags:
KBAT 2
Folders:

Description:
KBAT 2
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  1. price floor
    the lowest the cost for a product can go
  2. stability
    being stable
  3. tax rates
    the burden ratio at which a person is taxed
  4. stewardship
    person employed to manage someone's property
  5. price ceiling
    the highest the price can go
  6. capital markets
    the part of a financial system concerned with raising capital by dealingin shares, bonds, and other long-term investments.
  7. interest rate
    the price a borrower pays for the use of money they do not own
  8. government bond
    a bond issued by the national government for a country
  9. free trade
    trade without any taxes
  10. subsidies
    money granted by the government to assist an industry
  11. price controls
    a maximum price for a good
  12. capital
    money
  13. quotas
    a limited amount
  14. Supply and demand
    the amount of a good or service available and the desire of buyers for it, considered as factors regulating its price

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