Flashcard Terms (A's)

Question 1

AAA ratings

Answer 1

The highest possible rating that may be assigned by a credit rating agency for a bond

Question 2

absolute quota

Answer 2

A quota that strictly limits the quantity of goods that may enter a country.

Question 3

Ad valorem tariffs

Answer 3

Import taxes based on a fixed percentage of the assessed commercial value of imported goods

Question 4

Agility

Answer 4

Ability to move quickly and flexibly

Question 5

Algorithms

Answer 5

A process or set of rules to be followed in calculations especially by a computer

Question 6

Anti-monopoly laws

Answer 6

See antitrust laws.

Question 7

Anti-trust laws

Answer 7

Consumer protection policy used to limit unfair business practices related to competition and control of prices

Question 8

Apple inc. vs. Pepper

Answer 8

Antitrust court case in which a group of iPhone users have accused Apple of monopolistic practices via the App store

Question 9

artificial intelligence (AI)

Answer 9

Any type of computer that engages in humanlike activities

Question 10

Assets

Answer 10

A useful or valuable thing; something you own such as building, inventory, or cash

Question 11

Autarky

Answer 11

A political or economic system that becomes self-sufficient to survive.