What would happen to price if the supply of a good decreased?
A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders
The actual profit from an investment after adjusting for inflation
an incentive that has an unintended and undesirable result which is contrary to the interests of the incentive makers
Why would some economists oppose raising the minimum wage? I need at least three ECONOMIC reasons
a problem caused by an person pursuing his own interests rather than the interests of the entity who hired him
When two parties in a transaction do not have the same information
a tax in which the tax rate increases as the taxable amount increases
'process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.'
what do you call legislation to limit monopolistic behavior?
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 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
The economic value of an employee's skill set
Exists when one person does not have to suffer the consequences personally yet can receive rewards
Complete control of an industry by one person or group
a representation of the relationship between rates of taxation and the resulting levels of government revenue.
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings
A measure that examines the weighted average of prices of a number of consumer goods and services, it measures inflation
Appropriately define Deadweight loss. You may draw on the board if it helps your answer.
a government-imposed price control or limit on how high a price is charged for a product
Government has to provide these goods or services because of the free rider problem
An Economic system where Economic decisions are made by individuals competing to earn profits based on supply and demand
The theory that all market participants receive and act on all of the relevant information as soon as it becomes available
economic term referring to the total satisfaction received from consuming a good or service.
What is the cost or benefit that affects a party who did not choose to incur that cost or benefit
