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Collateral - property or other security used to guarantee repayment of a loan Dow Jones - statistical series of 30 representative stocks used to monitor price changes on the New York stock exchange Scarcity - fundamental economic problem facing all societies that results from a combination of scarce resources and people's virtually unlimited wants. Multi-national Corp - corp. producing and selling without regard to national boundaries and whose business activities are located in several different countries Monetary policy - actions by the fed reserve system to expand or contract the money supply in order to affect the cost and availability of credit Fiscal policy - use of government spending the revenue collection measures to influence the economy Law of variable proportions - rule stating that short-run out-put will change as one input is varied while others are held constant Collusion - agreements, usually illegal, among producers to fix prices, limit output, or divide markets Total Cost - variable plus fixed cost; all costs associated with production Fixed cost - cost of production that does not change when output changes Variable Cost - production cost that varies as output changes; labor, energy, raw materials Types Of Income Taxes - state and federal Dividend - check paid to stockholders, usually quarterly, representing portion of corporate profits Money - anything that serves as a medium of exchange, a measure of value, and a store of value.
Approximate Word count = 431
Approximate Pages = 1.7
(250 words per page double spaced)
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