Make $16/hr - and build your resume - as a Marketing Coordinator! Apply Now

Solutions for Chapter 10: Financial Markets and Business Growth

Full solutions for Contemporary Economics | 2nd Edition

ISBN: 9780538444958

Solutions for Chapter 10: Financial Markets and Business Growth

Solutions for Chapter 10
4 5 0 238 Reviews
Textbook: Contemporary Economics
Edition: 2
Author: William A. McEachern
ISBN: 9780538444958

Contemporary Economics was written by Patricia and is associated to the ISBN: 9780538444958. This expansive textbook survival guide covers the following chapters and their solutions. Since 27 problems in chapter 10: Financial Markets and Business Growth have been answered, more than 1424 students have viewed full step-by-step solutions from this chapter. Chapter 10: Financial Markets and Business Growth includes 27 full step-by-step solutions. This textbook survival guide was created for the textbook: Contemporary Economics, edition: 2.

Key Business Terms and definitions covered in this textbook
  • budget surplus

    an excess of government receipts over government spending

  • cartel

    a group of firms acting in unison

  • corrective tax

    a tax designed to induce private decision makers to take account of the social costs that arise from a negative externality

  • diseconomies of scal

    the property whereby long-run average total cost rises as the quantity of output increases

  • dominant strategy

    a strategy that is best for a player in a game regardless of the strategies chosen by the other players

  • efficient scale

    the quantity of output that minimizes average total cost

  • liberalism

    the political philosophy according to which the government should choose policies deemed just, as evaluated by an impartial observer behind a “veil of ignorance”

  • marginal product

    the increase in output that arises from an additional unit of input

  • marginal product of labor

    the increase in the amount of output from an additional unit of labor

  • maximin criterion

    the claim that the government should aim to maximize the well-being of the worst-off person in society

  • menu costs

    the costs of changing prices

  • net capital outflow

    the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners

  • normative statements

    claims that attempt to prescribe how the world should be

  • oligopoly

    a market structure in which only a few sellers offer similar or identical products

  • present value

    the amount of money today that would be needed, using prevailing interest rates, to produce a given future amount of money

  • screening

    an action taken by an uninformed party to induce an informed party to reveal information

  • trade surplus

    an excess of exports over imports

  • transaction costs

    the costs that parties incur in the process of agreeing to and following through on a bargain

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions

  • welfare economics

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

Textbook Survival Guides

Log in to StudySoup
Get Full Access to Contemporary Economics

Forgot password? Reset password here

Join StudySoup for FREE
Get Full Access to Contemporary Economics
Join with Facebook


Join with Email
Already have an account? Login here
Forgot password? Reset your password here

I don't want to reset my password

Need help? Contact support

Need an Account? Is not associated with an account
Sign up
We're here to help

Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or

Got it, thanks!
Password Reset Request Sent An email has been sent to the email address associated to your account. Follow the link in the email to reset your password. If you're having trouble finding our email please check your spam folder
Got it, thanks!
Already have an Account? Is already in use
Log in
Incorrect Password The password used to log in with this account is incorrect
Try Again

Forgot password? Reset it here