JA Chp. 9-12
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | A principle stating that government should tax people in proportion to their ability to pay the tax.
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| Average fixed costs | show 🗑
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| show | The sum of average fixed and average variable costs.
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| show | Total variable costs divided by quantity produced.
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| show | A principle stating that government should tax people in proportion to the benefits they receive from a government good or service.
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| show | The point of production at which income from sales equals total fixed and total variable costs.
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| Collective bargaining | show 🗑
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| show | An agreement in which companies restrict production to raise prices and profits.
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| Concentration ratio | show 🗑
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| Conglomerate merger | show 🗑
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| Derived demand | show 🗑
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| show | Reductions in cost resulting from large-scale production.
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| Externality | show 🗑
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| FICA | show 🗑
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| Fiscal year | show 🗑
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| show | Costs that remain the same regardless of the amount of product a firm produces.
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| show | A price index that reduces the current gross domestic product prices into prices of a base year.
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| Grievance | show 🗑
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| Gross Domestic Product (GDP) | show 🗑
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| Horizontal merger | show 🗑
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| Injunction | show 🗑
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| Job discrimination | show 🗑
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| show | Two companies that keep their independence while cooperating on a particular project.
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| Labor force | show 🗑
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| show | The amount of goods and services the work force can produce during a given time period-an hour, a week, a month, or a year.
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| Labor union | show 🗑
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| Law of diminishing marginal returns | show 🗑
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| Lockout | show 🗑
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| show | Decision making that involves comparing marginal benefits and marginal costs.
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| show | The additional revenue generated from the sale of an additional quantity of the product.
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| Market structure | show 🗑
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| Marketing | show 🗑
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| Merger | show 🗑
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| Monopolistic competition | show 🗑
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| National debt | show 🗑
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| Nominal GDP | show 🗑
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| show | A market structure in which a few large firms supply most or all products in a market.
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| show | A market structure in which a large number of firms all produce the same product at the same price.
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| show | The act of employees carrying signs that call attention to a labor strike with the goal of arousing public sympathy.
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| Predatory pricing | show 🗑
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| Price-fixing | show 🗑
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| Productivity | show 🗑
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| Profit maximization | show 🗑
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| Progressive tax | show 🗑
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| Proportional tax | show 🗑
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| show | Something that, once provided, is available to anyone without additional cost.
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| show | The part of the economy that involves the transactions of government.
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| Pure monopoly | show 🗑
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| Real GDP | show 🗑
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| Real per capita GDP | show 🗑
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| Regressive tax | show 🗑
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| Seniority | show 🗑
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| show | A withholding of labor services by a union.
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| Total costs | show 🗑
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| Total revenue | show 🗑
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| Union shop | show 🗑
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| show | Costs that change with the changing amounts of production.
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| Vertical merger | show 🗑
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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