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Economics > Matching > Flashcards

Matching Flashcards

1
Q

Social in its most extreme form

A

Communism

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2
Q

When a nations government assumes ownership of companies on a large scale

A

Nationalism

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3
Q

When a national government should be both the central owner and decision maker in all economic affairs of the state

A

Centralized socialism

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4
Q

High taxes redistributed funds

A

Welfare State

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5
Q

To let alone

A

Laissez faith

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6
Q

When a government decides to sell their nationalized business back to private stockholders

A

Privatization

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7
Q

More government control in an economy

A

Socialism

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8
Q

Less government control in an economy

A

Capitalism

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9
Q

The general public owns and the government manages

A

Public Corporation

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10
Q

After buying shares of this a person becomes owner of part of a corporation

A

Stock

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11
Q

Owned by individual citizens

A

Private corporation

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12
Q

At least on general partner who has unlimited financial liability

A

Limited partnership

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13
Q

The lender

A

Creditor

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14
Q

The act of becoming security for or pledging to undertake another’s debt

A

Surety

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15
Q

When a credit worthy person promises to lay a loan if the original borrower cannot

A

Cosigning

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16
Q

A business enterprise with two or more persons as the owner

A

Partnership

17
Q

A distribution of a portion of a corporations profits

A

Dividends

18
Q

Stockbrokers work for this fee

A

Commission

19
Q

Where merchants exchange stocks

A

Stock exchanges

20
Q

The most well-known stock index

A

DJIA

21
Q

A person who generally works for a brokerage company and who specializes in buying and selling stocks in behalf of clients

A

Stockbroker

22
Q

The most prevalent type of stick that companies offer and represents true ownership of the firm

A

Common stock

23
Q

Another name for stock traders

A

Floor traders

24
Q

One of the most well known markets

A

NASDAQ

25
Q

When stock prices rise in an industry or across the entire market simply because of expectations and a rise in the excess of the corporations true value

A

Speculative Bubble

26
Q

A group of stocks that analysts use to identify stock trends in specific industries

A

Stock index

27
Q

Shareholders who own this type of stock receive their dividend payments before all others

A

Preferred stock

28
Q

Used to be paper from a stick ticker but is now an electronic message board

A

Tape

29
Q

Privately manage stock portfolios

A

Mutual. Funds

30
Q

When the government has allowed a firm an exclusive right to provide a good or service

A

Legal monopoly

31
Q

A form of market organization in which there is only one supplier in the industry

A

Monopoly

32
Q

Formalized collusion

A

Cartel

33
Q

An industry in which the top four firms account for 75% of the market sales

A

Tight oligopoly

34
Q

When firms already in the industry own all vital natural resource that a new firm would need to enter the market

A

Natural barriers to entry

35
Q

A group of businesses that share common concern

A

Industry

36
Q

Selling by a few

A

Oligopoly

37
Q

When a firm controls100% of a resource that is essential to an industry

A

Natural monopoly

38
Q

Governmental regulations

A

Artificial barriers to entry

39
Q

Any significant obstacle that prevents or hinders a new firm from entering an industry and competing

A

Barrier to entry

Economics (4 decks)

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