Search
Create
Log in
Sign up
Log in
Sign up
4 terms
frcnkie
Supply Shock
STUDY
PLAY
Supply shock
A supply shock is an event that suddenly increases or decreases the supply of a commodity or service, or of commodities and services in general.
Rationing
allow each person to have only a fixed amount of (a particular commodity).
Black market
an illegal traffic or trade in officially controlled or scarce commodities.
Spillover cost
spillover effects are economic events in one context that occur because of something else in a seemingly unrelated context.
YOU MIGHT ALSO LIKE...
22 terms
Price System Economics
25 terms
Economics
21 terms
ch 8 sprong vocab
19 terms
stbrigid5 economicsvocab
OTHER SETS BY THIS CREATOR
9 terms
403
8 terms
395
8 terms
387
7 terms
375