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Details Title: US History II: Economics Description: Vocabulary to know for Economics Exam Total Flash Cards: 26 Created: 02/14/2007 15:08:21	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term Bonds Definition A certificate of ownership of a specified portion of a debt due to be paid by a government or corporation to an individual holder and usually bearing a fixed rate of interest. Term Bears Definition To force prices downward in a market or a stock. Term Breakeven Point Definition The point at which the income from sale of a product or service equals the invested costs, resulting in neither profit nor loss Term Budget Restraint Definition Having the ability to stop spending, and stick to a budget. Term Bull Market Definition Occurs when almost all the stock prices are rising. Term Closed Economy Definition An ecomomy that doesn't take part in international trade. Term Command Economy Definition When a government controls the entire economy; communists. Term Common Stalk Definition Stalk holders can vote on company policies, but they are the last people to be payed of in the event of bankrupcy. Term Debt Definition A debt is when you borrow money and you have not payed it back yet. Term Durable Good Definition A good that will never expire, such as a pencil. Term Equity Definition The amount of money a buisness has after subtracting money they ow, outside of shareholders. Term Exports Definition Sales outside of the sending country. Term Federal Reserve Bank Definition The central Bank of the US. They can raise interest rates, lower interest rates, and they hold money for other countries. Term Fixed Cost Definition A cost that doesn't change no matter how many are produced or how much is produced, such as the rent on an apartment. Term Imports Definition The purchases of foreign goods or services. Term Liquidity Definition How easy it is to turn an asset into cash. Term Margin Definition The difference made by buying one extra unit of something. It is how much more someone who have to pay for something if they just wanted one more. Term Market Economy Definition The opposite of a command economy; buying and selling is free to happen whenever and however. Term NAFTA Definition North American Free Trade Agreement, made between US, Mexico and Canada. Free trade throughout all of those countries. Term NASDAQ Definition National Association of Securities Dealers Automated Quotation:Largest US stock exchange company. Term None Durable Goods Definition Goods that will expire at some point or another, such as milk. Term Open Economy Definition An economy that allows trading throughout the world. Term Oppurtunity Cost Definition The cost to get something. Not just the money value, but the cost of other stuff you could have bought with that money. Term Preferred Stalk Definition Stalk where the stalk holder is first to be payed off in the case of the company closing, but they don't get to vote on company policies. Term Selling Short Definition The selling of something that the seller doesn't own. i.e. I borrow a stalk for worth $100 at a 10% interest rate. I sell the stalk to someone at that rate, hope the value drops over the next few months, buy it again at hopefully a lower rate, and then return the stalk plus 10 dollars. Term Variable Cost Definition A cost that changes over time, such as milk, it changes a bit each week.