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Understanding Business Chapter 2

カード 34枚 作成者: Sean (作成日: 2013/12/10)

  • Economics

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公開範囲:

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言語:

  • カード表 : 英語
  • カード裏 : 英語
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  • 1

    Economics

    補足(例文と訳など)

    答え

    • Study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals

    解説

  • 2

    Macroeconomics

    補足(例文と訳など)

    答え

    • A part of economics that looks at the operation of a nation's economy as a whole

    解説

  • 3

    Microeconomics

    補足(例文と訳など)

    答え

    • The part of economics that looks at the behavior of people and organizations in particular markets

    解説

  • 4

    Invisible Hand

    補足(例文と訳など)

    答え

    • A phrase coined by Adam Smith to describe the process that turns self-directed gain into social and economic benefits for all.

    解説

  • 5

    Capitalism

    補足(例文と訳など)

    答え

    • Economic system in which all or most of factors of production and distribution are privately owned and operated for profit

    解説

  • 6

    Supply

    補足(例文と訳など)

    答え

    • The quantities of products that manufacturers or owners are willing to sell at different prices at a specific time.

    解説

  • 7

    Demand

    補足(例文と訳など)

    答え

    • The quantity of products that people are willing to buy at different prices at a specific time.

    解説

  • 8

    Market Price

    補足(例文と訳など)

    答え

    • The price determined by supply and demand.

    解説

  • 9

    Perfect Competition

    補足(例文と訳など)

    答え

    • Market situation in which there are many sellers in a market and no seller is large enough to dictate the price of a product

    解説

  • 10

    Monopolistic Competition

    補足(例文と訳など)

    答え

    • Market situation in which a large number of sellers produce products that are very similiar but that are perceived by buyers as different

    解説

  • 11

    Oligopoly

    補足(例文と訳など)

    答え

    • A form of competition in which just a few sellers dominate the market

    解説

  • 12

    Monopoly

    補足(例文と訳など)

    答え

    • A market in which there is only one seller for a product or service.

    解説

  • 13

    Socialism

    補足(例文と訳など)

    答え

    • An economic system based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be distributed among the people

    解説

  • 14

    Brain Drain

    補足(例文と訳など)

    答え

    • Loss of the best and brightest people to other countries

    解説

  • 15

    Communism

    補足(例文と訳など)

    答え

    • An economic and political system in which the state makes almost all economic decisions and owns almost all of the major factors of production.

    解説

  • 16

    Free-Market Economies

    補足(例文と訳など)

    答え

    • Economic system in which the market largely determines what goods and services get produced, who gets them, and how the economy grows.

    解説

  • 17

    Command Economies

    補足(例文と訳など)

    答え

    • Economic system in which the government largely decides what goods and services will be produced, who gets them, and how the economy grows.

    解説

  • 18

    Mixed Economies

    補足(例文と訳など)

    答え

    • Economic system in which some allocation of resources is made by the market and some by the government.

    解説

  • 19

    Gross Domestic Product (GDP)

    補足(例文と訳など)

    答え

    • The total value of final goods and services produced in a country in a given year.

    解説

  • 20

    Unemployment Rate

    補足(例文と訳など)

    答え

    • Number of civilians at least 16 years who have been trying to find a job within the prior four weeks.

    解説

  • 21

    Inflation

    補足(例文と訳など)

    答え

    • General rise in the prices of goods and services over time.

    解説

  • 22

    Deflation

    補足(例文と訳など)

    答え

    • A situation in which prices are declining

    解説

  • 23

    Business Cycles

    補足(例文と訳など)

    答え

    • Periodic rises and falls that occur in all economies over time.

    解説

  • 24

    Recession

    補足(例文と訳など)

    答え

    • Two or more consecutive quarters of decline in the GDP.

    解説

  • 25

    Depression

    補足(例文と訳など)

    答え

    • A severe recession.

    解説

  • 26

    Consumer Price Index (CPI)

    補足(例文と訳など)

    答え

    • monthly statistics that measure the pace of inflation or deflation

    解説

  • 27

    Disinflation

    補足(例文と訳など)

    答え

    • a situation in which price increases are slowing (the inflation rate is declining)

    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

    Keynesian Economic Theory

    補足(例文と訳など)

    答え

    • The theory that a government policy of increasing spending and cutting taxes could stimulate the econemy in a recession.

    解説

  • 30

    Monetary Policy

    補足(例文と訳など)

    答え

    • The management of the money supply and interest rates by the federal reserve.

    解説

  • 31

    National Debt

    補足(例文と訳など)

    答え

    • The sum of government deficits over time.

    解説

  • 32

    Producer Price Index (PPI)

    補足(例文と訳など)

    答え

    • An index that measures prices at the wholesale level.

    解説

  • 33

    Resource Development

    補足(例文と訳など)

    答え

    • The study of how to increase resources and to create the conditions that will make better use of those resources.

    解説

  • 34

    Stagflation

    補足(例文と訳など)

    答え

    • A situation when the economy is slowing but prices are going up anyhow.

    解説

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