Home
Flashcards
Preview
econ 201 ch 13
The flashcards below were created by user
Anonymous
on
FreezingBlue Flashcards
.
Quiz
iOS
Android
More
why does production require savings?
because both direct and roundabout production take time- time during which goods and services are not available from current production
positive rate of time preference
consumers value present consumption more than future consumption
consumer is willing to pay more now that wait
interest rate
interest per year as a percentage of the amount saved or borrowed
marginal rate of return on investment
the marginal revenue product of capital expressed as a percentage of its marginal cost
intellectual property
an intangible asset created by human knowledge and ideas
present value
the value today of income to be received in the future
discounting
converting future dollar amounts into present value
annuity
a given sum of money received each year for a specified number of years
Author:
Anonymous
ID:
88026
Card Set:
econ 201 ch 13
Updated:
2011-05-27 16:41:37
Tags:
microeconomics
Folders:
Description:
capital,interest, and corporate finance
Show Answers:
Home
Flashcards
Preview