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Economics 101

Terms discussed in an intro to economics lesson

QuestionAnswer
Any harsh discipline or oppression. Tyranny
A person actively engaged in politics. Someone who is elected to serve on an assembly. Politician
A group of eight universities (Brown, Columbia, Cornell, Dartmouth College, Harvard, Princeton, the University of Pennsylvania, and Yale) that have similar academic and social prestige in the US to Oxford and Cambridge in Britain Ivy League
An additional payment made to employees as a means of increasing production. Incentive
A financial contribution imposed by a government to raise revenue. Taxes
Created by: Boone555
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