Term
| the removal of some government controls over market. |
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Definition
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Term
| a nations gross domestic product divided by its total population |
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Definition
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Term
| all the money the federal government owes to bondholders |
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Definition
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Term
| the height of an economic expansion when real GDP stops rising, part of bus. cycle |
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Definition
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Term
| a level of ecnomic prosperity |
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Definition
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Term
| a period of economic growth as measured by a rise in real GDP |
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Definition
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Term
| a price index determined by measuring the price of a standard group of goods meant to represent the typical "market basket" of a typical urban consumer |
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Definition
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Term
| a period of economic decline marked by falling reall GDP |
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Definition
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Term
| lowest point in a economic contraction |
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Definition
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Term
| companies built around the process of providing a needed service to consumers. they exist on many different levels |
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Definition
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Term
| a policy that requires most employers to take positive steps to remedy the effects of past discrimination. |
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Term
| to sell and buy goods with other nations: often countries face barriers such as import quota, restraints and tariffs. |
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Definition
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Term
| ability to produce a product most effeciently given all other products that could be produced |
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Definition
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Term
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Definition
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Term
| similar to trade defiect. when a nation is importing more than it is exporting. |
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Definition
| unfavorable balance of trade |
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Term
| bussiness 3 or more. making unrelated products but still merging. |
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Definition
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Term
| the value of a foreign nations currency in terms of a homes currency. |
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Definition
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Term
| recent trends in the world economy include shift from local to worldwide markets. |
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Definition
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Term
| a balnce of a trade with imports and exports. A country is freee from dependancy on other nations for particular goods. almost impossible. |
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Definition
| favorable balance of trade |
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Term
| a worldwide organization whose goal is free global trade and lower tariffs. |
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Definition
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Term
| changes in pop. of different regions due to large amounts of people either the people move in or out |
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Term
| largest provider of development assitance for developing nations. offers loans and other resources to developin countries. |
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Definition
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Term
| a monetary policy that reduces the money supply. would help curb inflation but may encourage over borrowing and over-investing. |
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Definition
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Term
| the use of gov. spending and revenue collection to influence economy |
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Definition
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Term
| a monetary policy that inreases money supply to lower intrest rates |
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Definition
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Term
| $$ given, loaned and or other forms of aid intended to help the development of countries |
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Definition
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Term
| the actions the federal reserve takes to influence the level of real GDP and the rate of inflation in the economy |
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Definition
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Term
| international body that promotes development in order to eliminate poverty. get $$ by voluntary contributions of UN members and agencies |
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Definition
| united nations development program (UNDP) |
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Term
| an agreement where a group of countries has agreed to reduce or eliminate trade barriers. |
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Definition
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Term
| originaly developed to stablaize international exchange rates. now offers policy advice and techincal assistanst to developing countries. |
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Definition
| international monetary fund (IMF) |
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Term
| the rate the fed reserve charges for loans to commerical banks |
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Definition
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Term
| income recieved by the government from taxes and non-tax resources |
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Definition
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Term
| a tax on the production or sale of a good |
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Definition
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Term
| the % a lending instituion charges for using their money |
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Definition
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Term
| primary way a government collects taxes. based on const. |
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Definition
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Term
| this accounts for %49 of federal gov. revenues. it is a pay as u earn system |
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Definition
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Term
| a tool used by the federal reserve to adjust the amount of money in the economy |
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Definition
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Term
| a tax on the dollar value of a good or service being sold |
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Definition
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Term
| a steady drop in the stock market over a period of time. |
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Definition
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Term
| government regulations that promote the quality of life for the citizens. |
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Definition
| zoning laws/building codes |
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Term
| a flat tax that doesnt change |
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Definition
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Term
| when stock market steadily rises over time |
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Definition
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Term
| a 6-18 month econonmic contraction. GDP falls for at least 2 conseuctive quarters |
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Definition
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Term
| __ is a microeconomic idicator that includes goods and services produced within a country |
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Definition
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Term
| an economic idicator that compares prices of goods and services over years |
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Definition
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Term
| create laws to protect consumers |
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Definition
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Term
| what goverment agency controls enviroment and things such as polution |
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Definition
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