Economics - 2024 Final Exam Guide III

2. Type of stock that allows its holders to vote on corporate matters.
6. Means all goods produced by a nation's citizens in a year's time.
8. Exchange of goods free from governmental restrictions or penalties.
11. The asserted value of money.
12. The most widely used transaction account.
14. Promotion of one's own nation and government regardles of moral considerations.
15. Economics that is the study of specific components within a major economy.
17. Sum cost of all the factors of production used in making goods.
18. Investments that can be quickly converted to cash.
21. Type of government that was found in the Soviet Union and is found in China.
23. Large, complex organization composed of appointed officials and numerous agencies.
24. Founder of Austrian school of economics.
25. Sum cost of all the factors of production used in producing one unit of a good.
26. Economic system in which decisions involving the production, distribution, & consumption of goods are based on custom, heredity, & caste.
28. Type of stock that pays its holders and annual fixed amount in cash dividends if the company makes enough profit.
29. Legal entity which is distinct from the people who own it.
30. Means all the goods produced within a nation in a year's time.

1. Theory that a reduction of taxees makes more money available for investment in capital and research, thereby increasing productivity.
3. Theory that variation in the money supply is the main source of economic fluctuations.
4. Legal tender backed by nothing but a government promise.
5. Economic philosophy based on belief that society's economic problems can be better solved by "expert planners".
7. Amounts paid to an organization in exchange for insurance coverage.
9. Economics that is the study of national and international economies.
10. Period duing which the economy declines or recedes usually 6 months in a row.
13. Economic system based upon collective ownership and control of many national resources.
16. Governmental agency set up to insure bank deposits.
19. Commitment of resources to a project or purpose that is expected to bring future profit.
20. Possessing absolute, compelling power.
22. Account that allows limited transactions & pays an interest rate that changes with demands for loans.
27. Document that guarantees the holder the amount of his original investment plus a specified rate of interest by a certain date.