Economics Terms
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Economics Terms
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25 Questions

1. Entrpreneur

2. Legal reserves

3. Relatively high tax designed to raise revenue and discourage consumption of a socially undesirable product

4. Recession

5. Supply schedule

6. Infrastructure

7. Situation where quantity supplied is less than quantity demanded at a given price

8. Worker who regularly works fewer than 35 hours per week

9. Dow-jones industrial average (dija)

10. Microeconomics

11. Protest in the form of a refusal to buy - including attempts to convince others to join

12. Index of learning indicators

13. Baby boom

14. System that automatically deducts income taxes from paychecks on a regular basis

15. Geographic monopoly

16. Rural population

17. Discount rate

18. Horizontal merger

19. Tax on the value added at every stage of the production process

20. Business fluctuation

21. Fiat currency that must be accepted for payment by decree of government

22. Market

23. National income accounting

24. Competition

25. Market economy