ECON TERMS CHAP 5

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Author:
ndumas2
ID:
66204
Filename:
ECON TERMS CHAP 5
Updated:
2011-02-14 00:07:32
Tags:
CHAP TERRMS COLANDERC
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Description:
CHAP 5
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  1. EXCHANGE RATES
    the price of one couantry's currency in terms of another's currency
  2. PRICE CEILING
    a government imposed ilimit on how higha price can be charged
  3. rent control
    a price cealing on rents set by governments
  4. price floors
    government-imposed limits on how low a price can be charged
  5. minimum wage laws
    laws specifying the lowest wage firm can legally pay an employee
  6. exceise tax
    a tax that is levied on a specific goal
  7. tariff
    an excise tax on an importated good
  8. third party payer markets
    the person who recieves the good differs from the person paying for the good

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