Flashcards and Answers – Economics Final Definitions
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Regulates sale of stock in a corporation.
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Securities and Exchange Commission
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A merger of corporations involved in different steps of manufacturing or marketing is known as a...
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Vertical Merger
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What owners own dividends?
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Corporation Owners
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Economic system in which private citizens own the factors of production.
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Capitalism
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What economy is capable of drastic change in a short time?
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Command
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The supply of a product normally decreases if...
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Taxes of the product increase.
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Investors who sign a contract guaranteeing them the option of selling share of stock at a specified price in the future have agreed to a...
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Put Option
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The first federal legislation to exempt unions from the antitrust laws was the...
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Clayton Antitrust Act
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Which of the following prohibits wage and salary discrimination for jobs that require equivalent skills and responsibilities?
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Equal Pay Act
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The incidence of a tax can more effectively be shifted from the supplier to the consumer if...
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The demand curve is inelastic.
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Transfer payments from the government to individuals or other levels of government might be used to...
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Support Social Security.
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Tax-deferred investment and savings plan that acts as a personal pension fund for many employees?
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401K Plan
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Market where money is loaned for more than one year.
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Capital Market
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Firm that makes loans to consumers and buys installment contracts from merchants who sell goods on credit?
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Finance Company
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Court order not to act.
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Injunction
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Medicare and Social Security tax.
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Payroll Taxes
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Unemployment directly related to swings in the business cycle?
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Cyclical Unemployment
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What is made up of 12 district banks and member banks?*
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The Federal Reserve
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In the short run, an increase in the money supply results in?
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Lower interest rates
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Decreases in aggregate supply can be caused by...
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Higher interest rates
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Unlike demand-side economics, supply-side economics advocates ________ government involvement in business.
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Reduced
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Members of which group on the Federal Reserve organization chart must buy stock in a Federal Reserve Bank?
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Member Banks
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In which stage of development does the national income grow faster than the population?
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Semi-Development
