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What is Economics?

カード 50枚 作成者: Sean (作成日: 2013/12/04)

  • Barter Economy

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  • 1

    Barter Economy

    補足(例文と訳など)

    答え

    • An economy in which trades are made in goods and services instead of money.

    解説

  • 2

    Capital Goods

    補足(例文と訳など)

    答え

    • All human creations used to produce goods and services; for example, factories, trucks, and machines.

    解説

  • 3

    Economic System

    補足(例文と訳など)

    答え

    • A system that sets rules for how people decide what goods and services to produce and how they are exchanged.

    解説

  • 4

    Labor

    補足(例文と訳など)

    答え

    • The physical and mental effort used to produce goods and services.

    解説

  • 5

    Complements

    補足(例文と訳など)

    答え

    • Two goods for which an increase in the price of one leads to a decrease in the demand for the other.

    解説

  • 6

    Consumer

    補足(例文と訳など)

    答え

    • Someone who buys or leases goods, real estate, or services for personal, family, or household purposes.

    解説

  • 7

    Good

    補足(例文と訳など)

    答え

    • An item you can see feel and touch that requires scarce resources and satisfies human wants.

    解説

  • 8

    Depression

    補足(例文と訳など)

    答え

    • A period when business activity slows, prices and wages fall, and unemployment rises.

    解説

  • 9

    Supply

    補足(例文と訳など)

    答え

    • The amount of goods and services that producers are able and willing to sell at various prices during a specified time period.

    解説

  • 10

    Services

    補足(例文と訳など)

    答え

    • Intangible and include tasks or acts performed for a customer for a price or fee.

    解説

  • 11

    Economies of Scale

    補足(例文と訳など)

    答え

    • As a company produces larger numbers of a particular product, the cost of each of these products goes down.

    解説

  • 12

    Money

    補足(例文と訳など)

    答え

    • Anything that everyone is willing to accept in exchange for goods and services.

    解説

  • 13

    Factors of Production

    補足(例文と訳など)

    答え

    • Land, labor, capital goods, and Entrepreneur; the four basic resources that are combined to create useful goods and services.

    解説

  • 14

    Value

    補足(例文と訳など)

    答え

    • What you think the purchase is worth to you personally, taking into consideration how it will help to improve your life.

    解説

  • 15

    Recession

    補足(例文と訳など)

    答え

    • An economic slowdown of the economy which results in rising unemployment, increased business failures, declining economic growth and higher personal bankruptcies.

    解説

  • 16

    Demand

    補足(例文と訳など)

    答え

    • The amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period.

    解説

  • 17

    Fixed Income

    補足(例文と訳など)

    答え

    • Income that does not increase even when prices go up.

    解説

  • 18

    Deflation

    補足(例文と訳など)

    答え

    • A decline in the volume of available money or credit that results in lower prices, and, therefore, increases the buying power of money.

    解説

  • 19

    Food Stamps

    補足(例文と訳など)

    答え

    • A debit card that can be used for food at most grocery stores; the largest in-kind benefits program.

    解説

  • 20

    Economic Product

    補足(例文と訳など)

    答え

    • Good or service that is useful, relatively scarce, and transferable to others.

    解説

  • 21

    Welfare

    補足(例文と訳など)

    答え

    • Government or private agency programs that provide general economic and social assistance to needy individuals.

    解説

  • 22

    Economy

    補足(例文と訳など)

    答え

    • A system by which goods and services are produced and distributed to meet people's needs.

    解説

  • 23

    Economics

    補足(例文と訳など)

    答え

    • It is the study of how people seek to satisfy their needs and wants by making choices.

    解説

  • 24

    Financial Capital

    補足(例文と訳など)

    答え

    • Money used to buy the tools and equipment used in production.

    解説

  • 25

    Gold Standard

    補足(例文と訳など)

    答え

    • The monetary system that prevailed between about 1870 and 1933, in which countries tied their currencies to gold at a legally fixed price.

    解説

  • 26

    TINSTAAFL

    補足(例文と訳など)

    答え

    • Acronym for THERE IS NO SUCH THING AS A FREE LUNCH; means that there is always a cost for a product, even if it is not evident.

    解説

  • 27

    Utility

    補足(例文と訳など)

    答え

    • The ability of any good or service to be useful & satisfy consumer wants..

    解説

  • 28

    Fiscal Policy

    補足(例文と訳など)

    答え

    • The federal government efforts to keep the economy stable by increasing or decreasing taxes or government spending

    解説

  • 29

    Cost-Benefit Analysis

    補足(例文と訳など)

    答え

    • Way of thinking that compares the cost of an action to its benefits.

    解説

  • 30

    Need

    補足(例文と訳など)

    答え

    • Basic requirement for survival; includes food, clothing, air, and/or shelter.

    解説

  • 31

    Socialism

    補足(例文と訳など)

    答え

    • A social and political philosophy based on the belief that democratic means should be used to evenly distribute wealth throughout a society.

    解説

  • 32

    Fiat Money

    補足(例文と訳など)

    答え

    • Money that has value because the government has ordered that it is an acceptable means to pay debts.

    解説

  • 33

    Command Economy

    補足(例文と訳など)

    答え

    • System in which the government controls the factors of production and makes all decisions about their use. Cuba, Old Soviet Union, & China.

    解説

  • 34

    Traditional Economy

    補足(例文と訳など)

    答え

    • Economic system in which the allocation of scarce resources and other economic activities are based on ritual, habit, or custom. South America, Asia, & Africa.

    解説

  • 35

    Communism

    補足(例文と訳など)

    答え

    • A political and economic system where factors of production are collectively owned and directed by the state.

    解説

  • 36

    Standard of Living

    補足(例文と訳など)

    答え

    • A level of material comfort as measured by goods, services, and luxuries.

    解説

  • 37

    Scarcity

    補足(例文と訳など)

    答え

    • The condition that results from society not having enough resources to produce all the things people would like to have

    解説

  • 38

    Market Economy

    補足(例文と訳など)

    答え

    • An economic system based on free enterprise, in which businesses are privately owned, and production and prices are determined by supply and demand. United States, new Soviet Union, & Europe

    解説

  • 39

    Capitalism

    補足(例文と訳など)

    答え

    • An economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit.

    解説

  • 40

    Private Property Rights

    補足(例文と訳など)

    答え

    • Fundamental feature of capitalism, which allows individuals to own and control their possessions as they wish; includes both tangible and intangible property.

    解説

  • 41

    Consumer Good

    補足(例文と訳など)

    答え

    • Goods, such as food and clothing, that satisfy human wants through their direct consumption or use.

    解説

  • 42

    Entrepreneur

    補足(例文と訳など)

    答え

    • A someone who takes a risk in starting a business to earn a profit.

    解説

  • 43

    Trade Off

    補足(例文と訳など)

    答え

    • Giving up one thing in return for another in the decision-making process.

    解説

  • 44

    Service Economy

    補足(例文と訳など)

    答え

    • An economic system based upon providing services rather than on production of goods.

    解説

  • 45

    Poverty Line

    補足(例文と訳など)

    答え

    • Amount of yearly income a family requires to meet its basic needs, according to the federal government.

    解説

  • 46

    Want

    補足(例文と訳など)

    答え

    • Something that a person would like to have but can live without.

    解説

  • 47

    Inflation

    補足(例文と訳など)

    答え

    • A decline in the value of money, accompanied by a rise in the prices of goods and services.

    解説

  • 48

    Free Enterprise Economy

    補足(例文と訳など)

    答え

    • A system by which people can conduct business free of government control except for reasonable regulations made for the public good.

    解説

  • 49

    Substitute

    補足(例文と訳など)

    答え

    • Competing products that can be used in place of one another; products related in such a way that an increase in the price of one increases the demand of the other.

    解説

  • 50

    Land

    補足(例文と訳など)

    答え

    • Natural resources or "gifts of nature" not created by human effort; one of four factors of production

    解説

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