Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Economics

TermDefinition
Liquidity The ease of turning an asset into money
Fiat currency Given value by declaration of the government
Fractional reserve Loaning out most of its money
Interest The price of money
Bond Certificate of indebtedness
Mutual Fund Investment company
Inflation General increase in prices
Purchasing power Ability to buy goods and services
Discount rate What banks are charged for loans
Open market operations Buying and selling federal securities
Perfect competition Many sellers and buyers
Oligopsony Only a few major buyers
Law of demand As price increases, demand falls
Law of supply As price increases, production increases
Relative price Price of one item expressed as the price for another
Price floor Creates surplus
Price elasticity of demand How much demand changes when price changes
Substitute good Demand increases when the price for another good increases
Market failure Resources not allocated efficiently
Public Goods Can be used by more than one person
Sole Proprietorship the most common form of business organization in the U.S
Corporation involves charter, board of directors, and shares of stock
Small business Create 60% -80% of Jobs in America
Entrepreneur
E-Myth If a person is good at one aspect of business, he will be good in all areas of a business
USP What your product offers that can't be found elsewhere
Economic Profit Considers opportunity cost as a real cost of business
Law of diminishing marginal returns Productivity of an input decrease as quantity of the input increases
Deadweight Loss Reduction in efficiency
Business Cycle Economic fluctuation
Created by: summerabreezy
Popular Economics sets

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards