| Financial Markets | Information | Government and the Economy | Economics 101 | Surprise! |
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| Final Question | ||||
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings
Stocks
A debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.
A debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.
Bonds
The actual profit from an investment after adjusting for inflation
The actual profit from an investment after adjusting for inflation
Real Return
A measure that examines the weighted average of prices of a number of consumer goods and services, it measures inflation
A measure that examines the weighted average of prices of a number of consumer goods and services, it measures inflation
Consumer Price Index
The theory that all market participants receive and act on all of the relevant information as soon as it becomes available
The theory that all market participants receive and act on all of the relevant information as soon as it becomes available
efficient markets theory
The economic value of an employee's skill set
The economic value of an employee's skill set
Human Capital
When two parties in a transaction do not have the same information
When two parties in a transaction do not have the same information
Assymetric information
a problem caused by an person pursuing his own interests rather than the interests of the entity who hired him
a problem caused by an person pursuing his own interests rather than the interests of the entity who hired him
Principle Agent Problem
Exists when one person does not have to suffer the consequences personally yet can receive rewards
Exists when one person does not have to suffer the consequences personally yet can receive rewards
Moral Hazard
A paradox in decision analysis in which two individuals acting in their own best interest when given the opportunity to choose between several varying outcomes. As a result of following a purely logical thought process to help oneself, both participants, unkown to one another, find themselves in a worse state than if they had cooperated with each other. However because neither party knew the other's choice, any decision could be the wrong one
A paradox in decision analysis in which two individuals acting in their own best interest when given the opportunity to choose between several varying outcomes. As a result of following a purely logical thought process to help oneself, both participants, unkown to one another, find themselves in a worse state than if they had cooperated with each other. However because neither party knew the other's choice, any decision could be the wrong one
Prisoner's Dilemna
Complete control of an industry by one person or group
Complete control of an industry by one person or group
Monopoly
What is the cost or benefit that affects a party who did not choose to incur that cost or benefit
What is the cost or benefit that affects a party who did not choose to incur that cost or benefit
externality
Government has to provide these goods or services because of the free rider problem
Government has to provide these goods or services because of the free rider problem
Public good
what do you call legislation to limit monopolistic behavior?
what do you call legislation to limit monopolistic behavior?
Anti Trust laws
a representation of the relationship between rates of taxation and the resulting levels of government revenue.
a representation of the relationship between rates of taxation and the resulting levels of government revenue.
Laffer Curve
An Economic system where Economic decisions are made by individuals competing to earn profits based on supply and demand
An Economic system where Economic decisions are made by individuals competing to earn profits based on supply and demand
Market Economy
economic term referring to the total satisfaction received from consuming a good or service.
economic term referring to the total satisfaction received from consuming a good or service.
Utility
an incentive that has an unintended and undesirable result which is contrary to the interests of the incentive makers
an incentive that has an unintended and undesirable result which is contrary to the interests of the incentive makers
Perverse incentive
a tax in which the tax rate increases as the taxable amount increases
a tax in which the tax rate increases as the taxable amount increases
Progressive tax rate. You are going to see a tax chart on the multiple choice section
'process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.'
'process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.'
Creative destruction
What would happen to price if the supply of a good decreased?
What would happen to price if the supply of a good decreased?
goes up!
a government-imposed price control or limit on how high a price is charged for a product
a government-imposed price control or limit on how high a price is charged for a product
Price Ceiling
Why would some economists oppose raising the minimum wage? I need at least three ECONOMIC reasons
Why would some economists oppose raising the minimum wage? I need at least three ECONOMIC reasons
I am the judge for the answer. You are going to be asked to respond to Flagstaff's Ballot Initiative 414
A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders
A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders
Dividend
Appropriately define Deadweight loss. You may draw on the board if it helps your answer.
Appropriately define Deadweight loss. You may draw on the board if it helps your answer.
I am the judge and Jury on this answer: See https://www.google.com/imgres?imgurl=https://upload.wikimedia.org/wikipedia/commons/thumb/f/fb/Deadweight-loss-price-ceiling.svg/2000px-Deadweight-loss-price-ceiling.svg.png&imgrefurl=https://en.wikipedia.org/wiki/Deadweight_loss&h=2000&w=2000&tbnid=yMhkmCtX7BpqHM:&tbnh=160&tbnw=160&docid=lsemGwPf_cjPyM&usg=__BiaXhiINEZnis4GhrgjL31szvBc=&sa=X&sqi=2&pjf=1&ved=0ahUKEwiCtqLgt_PPAhUC0iYKHeayDlsQ9QEIHzAA
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