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Study sets matching "economcis"

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Study sets matching "economcis"

26 terms
Economcis
Economics
Scarcity
Shortage
Land, Labor, Capital
The study of how people seek to satisfy their needs and wants…
When there is a limited quantity or resources to meet unlimit…
A situation in which a good or service is unavailable.
Three groups of resources that are used to make all goods and…
Economics
The study of how people seek to satisfy their needs and wants…
Scarcity
When there is a limited quantity or resources to meet unlimit…
Chapter 1 Economcis
need
want
economics
goods
necessary for survival
an item that we desire but not essential
the study of how people seek to satisfy their needs and wants…
physical objects
need
necessary for survival
want
an item that we desire but not essential
10 terms
Dorsey Economcis 1.1 Vocabulary
Scarcity
Economics
Need
Want
The condition that results from society not having enough res…
The study of how people try to satisfy seemingly unlimited an…
A basic requirement for survival such as food, clothing and s…
Something we would like to have but is not necessary for surv…
Scarcity
The condition that results from society not having enough res…
Economics
The study of how people try to satisfy seemingly unlimited an…
16 terms
Key Concepts for Principles of Economcis
scarcity
economics
efficiency
equity
the limited nature of society's resources
the study of how society manages its scarce resources
the property of society getting the most it can from its scar…
the property of distributing economic prosperity fairly among…
scarcity
the limited nature of society's resources
economics
the study of how society manages its scarce resources
27 terms
UNIT IV VOCAB WORDS FOR CIVICS AND ECONOMCIS
Impeachment
Electoral College
Executive Order
Sanction
To accuse government officials of misconduct
Group of people named by each state legislature to select Pre…
a rule or order issued by the president to an executive branc…
official permission or approval for an action
Impeachment
To accuse government officials of misconduct
Electoral College
Group of people named by each state legislature to select Pre…
16 terms
Macro Lecture #4 (Intermediate Macro Economcis)
What is the Fed maximum target for the…
Which price index does the Fed target?
What is excluded from the "core" rate…
If I move $100 from my savings to my c…
2%
Person consumption... expenditure (PCE)
Food and energy price changes
M1 UP and M2 not changed
What is the Fed maximum target for the…
2%
Which price index does the Fed target?
Person consumption... expenditure (PCE)
12 terms
Macro Lecture #8 (Intermediate Macro Economcis)
If the MS goes down and/or velocity go…
An increase in the value of the dollar…
Congress passes a 20% wage increase fo…
Factor suppliers expect the inflation…
R is UP... AD is DOWN... Inflation is DOWN... Unemployment is DOWN
Decrease... P&Q are DOWN
AS is DOWN... P is Down ... Q is down
AS is DOWN... P is Down ... Q is down
If the MS goes down and/or velocity go…
R is UP... AD is DOWN... Inflation is DOWN... Unemployment is DOWN
An increase in the value of the dollar…
Decrease... P&Q are DOWN
24 terms
Macro Lecture #7 (Intermediate Macro Economcis)
AD (MS x V) can also be described as t…
Which is the biggest of the four(Consu…
What is the most volatile of the four…
What is the smallest of the four (Cons…
Consumption, Investment, Govt. purchases, and net exports
Consumption
Investment
Net Exports
AD (MS x V) can also be described as t…
Consumption, Investment, Govt. purchases, and net exports
Which is the biggest of the four(Consu…
Consumption
22 terms
Migration Categories
Political
Environmental
Social
Social
A Civil War
A tornado destroys your home
Religious Freedom
Persecution based on Race
Political
A Civil War
Environmental
A tornado destroys your home
16 terms
Economics: Chapter 5
supply curve
elasticity of supply
movement along a supply curve
shift of supply curve
a curve, or line, showing the quantities of a particular good…
a measure of the responsiveness of quantity supplied to a pri…
change in quantity supplied resulting from a change in the pr…
increase or decrease in supply resulting from a change in one…
supply curve
a curve, or line, showing the quantities of a particular good…
elasticity of supply
a measure of the responsiveness of quantity supplied to a pri…
13 terms
Thinking Like an Economist
Circular Flow Diagram
Firms
Households
Markets for Goods and Services
Economy is simplified into firms and households
Produce goods and services using factors of production (labor…
Own factors of production and consume goods and services
Households are buyers and firms are sellers
Circular Flow Diagram
Economy is simplified into firms and households
Firms
Produce goods and services using factors of production (labor…
11 terms
ECON - Chapter 5
Elasticity
PE of Demand
PE of Supply
Elastic Determinants (Demand)
the measure of how much buyers and sellers respond to changes…
the measure of how much the quantity demanded responds to pri…
the measure of how much the quantity supplied responds to pri…
Goods with substitutes... Luxuries... Narrowly defined goods... Long Run
Elasticity
the measure of how much buyers and sellers respond to changes…
PE of Demand
the measure of how much the quantity demanded responds to pri…
24 terms
ECON 102 Chapter 6
Consumer surplus
Producer surplus
Consumer surplus-graphically
Producer surplus-graphically
extra amount of money consumers were willing to pay for a qua…
extra amount of money producers received for a quantity of pr…
area under the demand curve and above the price
area above the supply curve and below the price
Consumer surplus
extra amount of money consumers were willing to pay for a qua…
Producer surplus
extra amount of money producers received for a quantity of pr…
19 terms
Principles of Economics
Why we study economics
Economics
Scarcity
Resources
Intellectual Value... Practical Purpose ... Government Bodies
The study of how society manages its scare resources
limited nature, demand > supply
Inputs used to produce goods and services
Why we study economics
Intellectual Value... Practical Purpose ... Government Bodies
Economics
The study of how society manages its scare resources
17 terms
ECON - Chapter 13
Total Revenue
Total Cost
Profit
Explicit Costs
Price x Quantity
Explicit Cost - Implicit Cost
TR - TC
Require an outlay of money
Total Revenue
Price x Quantity
Total Cost
Explicit Cost - Implicit Cost
34 terms
Economics
Any item that can be traded for goods…
Anything that has value that can be to…
Job done for money
When there is too much money and it be…
Money
Goods
Services
Inflation
Any item that can be traded for goods…
Money
Anything that has value that can be to…
Goods
8 terms
Presidential roles
Chief of State
Chief Executive
Chief of the Economcy
Chief Diplomat
he is the ceremonial head of the government of the United Sta…
The Constitution gives the President the executive power of t…
The President is powerless, but can recommend changes to Cong…
The President is the main architect of America's foreign poli…
Chief of State
he is the ceremonial head of the government of the United Sta…
Chief Executive
The Constitution gives the President the executive power of t…
6 terms
Joint demand, composite demand, derived demand, substitute goods, joint supply, competing demand
occurs when complements are bought tog…
occurs when a good is demanded for two…
occurs when demand for one good occurs…
have a positive cross elasticity of de…
define joint demand
define composite demand
define derived demand
define substitute goods
occurs when complements are bought tog…
define joint demand
occurs when a good is demanded for two…
define composite demand
21 terms
saving, investment and financial system
financial system
financial markets
bond
stock
the group of institutions in the economy that help to match o…
financial institutions though which savers can directly provi…
a certificate of indebtedness
a claim to partial ownership in a firm
financial system
the group of institutions in the economy that help to match o…
financial markets
financial institutions though which savers can directly provi…
15 terms
Economic System
1 - Traditional Economy... 2 - Market Eco…
Traditional Economy
Traditional Economy
Traditional Economy
The 3basic types of Economic Systems
"Found in rural, undeveloped countries" describes which type…
"Customs govern the economic systems" describes which type of…
"Farming, hunting and gathering" describes which type of econ…
1 - Traditional Economy... 2 - Market Eco…
The 3basic types of Economic Systems
Traditional Economy
"Found in rural, undeveloped countries" describes which type…
18 terms
Production and Growth
productivity
physical capital
Human capital
natural resources
the quantity of goods and services produces from each unit of…
the stock of equipment and structures that are used to produc…
the knowledge and skills that workers acquire through educati…
the inputs not the production of goods and services that are…
productivity
the quantity of goods and services produces from each unit of…
physical capital
the stock of equipment and structures that are used to produc…
33 terms
Introduction to Economics 2015-16
Need
Want
Economics
Goods
Something like air, food, or shelter that is necessary for su…
An item that we desire but that is not essential to survival
The study of how people seek to satisfy their needs and wants…
Physical objects such as clothes or shoes
Need
Something like air, food, or shelter that is necessary for su…
Want
An item that we desire but that is not essential to survival
38 terms
Chapter 12 Economic Indicators and Measurements
national income (NI)
gross domestic product (GDP)
intermediate goods
durable goods
the total income earned in a nation from the production of go…
total dollar value of all final goods and services produced i…
goods used in the production of final goods
goods that last for a relatively long time, such as refrigera…
national income (NI)
the total income earned in a nation from the production of go…
gross domestic product (GDP)
total dollar value of all final goods and services produced i…
89 terms
Economics
Scarcity
Comparative Advantage
Opportunity Cost
Production Possibilities Curve
The limited quantities of resources to meet unlimited wants,…
The ability of an individual, firm, or country to produce a g…
Cost of the next best alternative use of money, time, or reso…
A graph that describes the maximum amount of one good that ca…
Scarcity
The limited quantities of resources to meet unlimited wants,…
Comparative Advantage
The ability of an individual, firm, or country to produce a g…
13 terms
Chapter 6 Objectives
Explain how supply and demand create a…
Define equilibrium
Compare market in disequilibrium with…
Define excess demand
Buyers will purchase the exact amount of a products firms are…
Equilibrium is the point of balance when demand the demand an…
A market is in disequilibrium when the quantity of a product…
when the quantity demanded is more than the quantity supplied
Explain how supply and demand create a…
Buyers will purchase the exact amount of a products firms are…
Define equilibrium
Equilibrium is the point of balance when demand the demand an…
38 terms
Economics Chapter 22
Production
Production Function
Production Function Equation
Short Run
Any activity that results in the conversion of resources into…
The relationship between maximum physical output and the quan…
Q=f(K,L) K is capital and L is labor.
A time period when at least one input cannot be changed. Usua…
Production
Any activity that results in the conversion of resources into…
Production Function
The relationship between maximum physical output and the quan…
60 terms
Industrialization, Labor Unions, Urbanization, Immigration
Industrialization
Capitalization
Factors of Production (land, labor, an…
Entrepreneurs
An economic change using machines and sources of power beside…
Type of economy where prices are determined by supply and dem…
Reasons for growth of industry in America. New lands vacated…
Investors seeking profit created new businesses
Industrialization
An economic change using machines and sources of power beside…
Capitalization
Type of economy where prices are determined by supply and dem…
28 terms
Economics Today Ch 21
Economic rent
Economic rent to labor
highest-valued use.
Legal organization of firms
_____ ______ is payment for the use of any... resource over and…
______ ______ to Labor... - Professional sports superstars... - Roc…
Economic rent allocates resources to their
Proprietorship... Partnership... Corporation
Economic rent
_____ ______ is payment for the use of any... resource over and…
Economic rent to labor
______ ______ to Labor... - Professional sports superstars... - Roc…
79 terms
Chapter 1+2 quiz prep
7 Principles of Economics
7 Principles of Economics
7 Principles of Economics
7 Principles of Economics
people face tradeoffs
the cost of something is what you give up to get it.
rational people think at the margin
people respond to incentives
7 Principles of Economics
people face tradeoffs
7 Principles of Economics
the cost of something is what you give up to get it.
10 terms
History
Deregulation
Federal debt
Supply side economics
Coalition
The act of cutting the regulations that government places on…
Amount of money owed by the government
Economic theory that proposes tax cuts of stimulating economc…
A group united for action
Deregulation
The act of cutting the regulations that government places on…
Federal debt
Amount of money owed by the government
French 3 Lesson 1 List
La salle d'exposition
Un camping-car
Une caravane
Une jeep
The show room
A RV
A trailer
A herp
La salle d'exposition
The show room
Un camping-car
A RV
41 terms
Period 9: 1980 to the Present
Proposition 13
Moral Majority
televangelists
Regents of University of CA v. Bakke
this proposition proposed to decrease property taxes in CA, a…
a prominent American political organization associated with t…
Christian ministers who devote a large portion of their minis…
a landmark decision by the Supreme Court of the United States…
Proposition 13
this proposition proposed to decrease property taxes in CA, a…
Moral Majority
a prominent American political organization associated with t…
24 terms
H World History Chapter 22
The Cotton Gin
Mass Production
Josiah Wedgewood
Eli Whitney
Device that sepersted seeds from fiber, invented by Eli Whitn…
The making of many identical items by breaking the process in…
English industrialist whose pottery works were the first to p…
American inventor who patented his cotton gin; increase sprea…
The Cotton Gin
Device that sepersted seeds from fiber, invented by Eli Whitn…
Mass Production
The making of many identical items by breaking the process in…
15 terms
Econ Ch. 1 Study
Economcis
Goods
Scarcity
Entrepreneur
The study of how people seek to satisfy their needs and wants…
Physical objects such as clothes or shoes.
Limited quantities of resources to meet unlimited wants.
Leader who combines land, labor, and capital to create and ma…
Economcis
The study of how people seek to satisfy their needs and wants…
Goods
Physical objects such as clothes or shoes.
18 terms
APUSH 3/17/15
General Dwight D. Eisenhower
General Douglas MacArthur
Admiral Chester Nimitz
General George S. Patton
one of the few five star generals of this war. his nickname w…
command over north from aussie back to the phillipians
to to invade japanses bases west of HI
invaded sicily with brits
General Dwight D. Eisenhower
one of the few five star generals of this war. his nickname w…
General Douglas MacArthur
command over north from aussie back to the phillipians
15 terms
chapter 10.1 and 12 vocab
Enclosure Movement
Steam Engine
industrial capitalism
indirect rule
fenced off common lands
crucial to britains industrial revolution increased need for…
economci system based off industrial production
colonial government where local ruler can maintain status
Enclosure Movement
fenced off common lands
Steam Engine
crucial to britains industrial revolution increased need for…
73 terms
french sparknotes vocab3
to learn
to study
elementary school
high school
apprendre
étudier
l'école primaire
le lycée
to learn
apprendre
to study
étudier
10 terms
Econ chapter 3
Free enterprise
Private property rights
Biofuels
Consumer sovereignty
Economci system in which privately owned businesses have the…
Allow people to own and control possessions as they wish
Energy derived from renewable sources
Role of consumere as ruler of the market in determining the t…
Free enterprise
Economci system in which privately owned businesses have the…
Private property rights
Allow people to own and control possessions as they wish
21 terms
SS Vocab For Chapter 7
Constitution
Bicameral
Republic
Petition
a plan of government
a two house legislature
a government in which citizens rule through elected represent…
to apply for something
Constitution
a plan of government
Bicameral
a two house legislature
40 terms
Money Medium of exchange Barter Standard of value Store of value durability, portability, divisibility, uniformity stability of value, scarcity, acceptability Commodity money Representative money Fiat money currency demand deposits near money transactio
Money
Medium of exchange
Barter
Standard of value
Assets that people are generally willing to accept in exchang…
Anything that is used to determine value during the exchange…
(n.) an exchange in trade; (v.) to exchange goods
a way to measure the worth of what is bought and sold
Money
Assets that people are generally willing to accept in exchang…
Medium of exchange
Anything that is used to determine value during the exchange…
15 terms
Mass tourism Jamaica
Over 1.9
2.7 million
Earns over
Over 220000
Million visitors per year
Population
$1.5 billion from tourism
Jamaicans work in tourism
Over 1.9
Million visitors per year
2.7 million
Population
10 terms
Ch5: Policy and the Environment
economy
traditional neoclassical economics
cost-benefit analysis
environmental consequences of neoclass…
social system that converts resources into goods and services
focuses only on production and consumption among businesses a…
determines if cost of action or decision outweighs benefits
replacing resources, external costs, discounting, growth
economy
social system that converts resources into goods and services
traditional neoclassical economics
focuses only on production and consumption among businesses a…
22 terms
Macroeconomics Chapter 12
Real GDP per person
Growth rate
Productivity
Physical capital
The quantity of goods and services available for the average…
The annual percentage change in output
The quantity of goods and services produced from each unit of…
The stock of equipment and structures used to produce output
Real GDP per person
The quantity of goods and services available for the average…
Growth rate
The annual percentage change in output
51 terms
Standard Japanese L.2 ちょっとお話ししたいことがあるんです単語
お蔭... おかげ
授業
大学院
大学院生
help/protection received from gods/people
class instruction
graduate school
graduate student
お蔭... おかげ
help/protection received from gods/people
授業
class instruction
30 terms
Vocab
Inert
Circumvent
Clandestine
Acquit
Inactive, unable to move or act
To get around; bypass
Secretive
To find not guilty of a crime
Inert
Inactive, unable to move or act
Circumvent
To get around; bypass
39 terms
chapter 3&4 study guide grace patrick
desert
push/pull factor
birth rate
rate natural increase
low humidity; 16 inch of rain per year
reasons for migrating
number of births per thousand population
population growth
desert
low humidity; 16 inch of rain per year
push/pull factor
reasons for migrating
24 terms
Sustainability Semester 2
Agyeman 2003
merchant, 2004
porritt 1992
whitehead, 2007
redefined sustainability as the need to ensure a better quali…
in developing countries, colonial and imperial histories have…
poverty drives unregulated growth and environmental damage, d…
SD in LEDCs - focus on working with local populations to make…
Agyeman 2003
redefined sustainability as the need to ensure a better quali…
merchant, 2004
in developing countries, colonial and imperial histories have…
17 terms
Economics
Econmoics
Good
Service
Resource
Stufy of how we make and disturbit heatph
Anything that can be bought pr... Sold
Any action that one person does in exchange for payment
Changing raw materials into a good
Econmoics
Stufy of how we make and disturbit heatph
Good
Anything that can be bought pr... Sold
14 terms
Period 7 SGO Review
Italian Renaisssance
Mediterranean Sea
De Medici's
Sunni's
rebirth of society, money economcy that began in Italy
this body of water helped the Italian Renaissance grow a stro…
wealthy banking family from Florence Italy that helped bankro…
roughly 85% of Muslims are this sect of Islam
Italian Renaisssance
rebirth of society, money economcy that began in Italy
Mediterranean Sea
this body of water helped the Italian Renaissance grow a stro…
11 terms
Chapter 6 Wall to Wall Cradle to Cradle
Economcis
Natural capital
Natural interest
IPAT Model
Social science, how we allocate scarce resources
Natural resources we consume Ex: 02, trees, fish
What is produced from natural capital
P= Population size... A= Affluence... T= Technology
Economcis
Social science, how we allocate scarce resources
Natural capital
Natural resources we consume Ex: 02, trees, fish
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