Shared Flashcard Set

Details

intro
final
6
Business
Undergraduate 2
12/12/2007

Additional Business Flashcards

 


 

Cards

Term

In recent years almost all new job creation in the United States has occurred in the ____ sector.

Definition
Service
Term

A large number of sellers producing products very similar to each other, but perceived by buyers as a different is characteristic of what type of free market competition?

Definition

MONOPOLISTIC COMPETITION

Term

The total value of final goods and serviced produced within a nations borders in a given year is known at that nations:

Definition

GROSS DOMESTIC PRODUCT

Term

The Federal Governments efforts to keep the economy stable by increasing or decreasing taxes or government spending money is commonly referred to as:

Definition

FISCAL POLICY

Term

A firm allowing a foreign company to produce its production exchange for a fee is called:

Definition

LICENSING

Supporting users have an ad free experience!