February 2016
Intermediate to advanced
504 pages
20h 37m
English
Content preview from Economics, 11th Edition
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Glossary
- Actual reserves
- A financial depository institution's reserve account plus its vault cash.
- Antitrust laws
- Laws prohibiting certain practices that reduce competition.
- Asset
- Something that an individual or business owns; can be used to cover liabilities.
- Assumptions
- Conditions held to be true within a model.
- Automatic fiscal policy (automatic stabilization)
- Changes in government expenditures and/or taxes that occur automatically as the level of economic activity changes; helps to control unemployment or demand-pull inflation.
- Average fixed cost
- Fixed cost per unit produced; total fixed cost divided by the number of units produced.
- Average total cost
- The cost per unit of output produced; total cost divided by the number of units produced.
- Average variable cost
- Variable cost per unit produced; total variable cost divided by the number of units produced.
- Balance of trade surplus (deficit)
- The value of a country's merchandise exports is greater (less) than the value of its imports.
- Balanced budget
- A government's total expenditures equal its total revenues.
- Bank holding company
- Corporation formed for the purpose of owning, or holding, the controlling shares of stock in a bank or banks.
- Barriers to entry
- Factors that keep firms from entering a market; can be financial, legal, technical, or other barriers.
- Barter (barter system)
- Goods and services are exchanged for each other rather than for money.
- Base year
- The year against which prices in other years are compared in a price ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.