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Textbooks / Business / American Government

American Government - Solutions by Chapter

American Government | ISBN: 9781938168178 | Authors: Glen Krutz, Sylvie Waskiewicz

Full solutions for American Government

ISBN: 9781938168178

American Government | ISBN: 9781938168178 | Authors: Glen Krutz, Sylvie Waskiewicz

American Government - Solutions by Chapter

This textbook survival guide was created for the textbook: American Government, edition: . The full step-by-step solution to problem in American Government were answered by , our top Business solution expert on 01/24/18, 06:00AM. American Government was written by and is associated to the ISBN: 9781938168178. Since problems from 17 chapters in American Government have been answered, more than 35170 students have viewed full step-by-step answer. This expansive textbook survival guide covers the following chapters: 17.

Key Business Terms and definitions covered in this textbook
  • behavioral economics

    the subfield of economics that integrates the insights of psychology

  • catch-up effect

    the property whereby countries that start off poor tend to grow more rapidly than countries that start off rich

  • closed economy

    an economy that does not interact with other economies in the world

  • finance

    the field that studies how people make decisions regarding the allocation of resources over time and the handling of risk

  • Giffen good

    a good for which an increase in the price raises the quantity demanded

  • implicit costs

    input costs that do not require an outlay of money by the firm

  • income effect

    the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • marginal revenue

    the change in total revenue from an additional unit sold

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • mutual fund

    an institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds

  • natural resources

    the inputs into the production of goods and services that are provided by nature, such as land, rivers, and mineral deposits

  • real variables

    variables measured in physical units

  • rivalry in consumption

    the property of a good whereby one person’s use diminishes other people’s use

  • stock

    a claim to partial ownership in a firm

  • theory of liquidity preference

    Keynes’s theory that the interest rate adjusts to bring money supply and money demand into balance

  • trade deficit

    an excess of imports over exports

  • vertical equity

    the idea that taxpayers with a greater ability to pay taxes should pay larger amounts

  • welfare economics

    the study of how the allocation of resources affects economic well-being