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Solutions for Chapter 12.2: Buying and Selling Securities

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Full solutions for Personal Financial Literacy | 1st Edition

ISBN: 9780538444521

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Solutions for Chapter 12.2: Buying and Selling Securities

Chapter 12.2: Buying and Selling Securities includes 10 full step-by-step solutions. This expansive textbook survival guide covers the following chapters and their solutions. This textbook survival guide was created for the textbook: Personal Financial Literacy, edition: 1. Since 10 problems in chapter 12.2: Buying and Selling Securities have been answered, more than 4745 students have viewed full step-by-step solutions from this chapter. Personal Financial Literacy was written by and is associated to the ISBN: 9780538444521.

Key Business Terms and definitions covered in this textbook
  • 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

  • equality

    the property of distributing economic prosperity uniformly among the members of society

  • equilibrium quantity

    the quantity supplied and the quantity demanded at the equilibrium price

  • Federal Reserve (Fed)

    the central bank of the United States

  • financial system

    the group of institutions in the economy that help to match one person’s saving with another person’s investment

  • implicit costs

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

  • in-kind transfers

    transfers to the poor given in the form of goods and services rather than cash

  • incentive

    something that induces a person to act

  • macroeconomics

    the study of economy-wide phenomena, including inflation, unemployment, and economic growth

  • marginal change

    a small incremental adjustment to a plan of action

  • Nash equilibrium

    a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen

  • net exports

    spending on domestically produced goods by foreigners (exports) minus spending on foreign goods by domestic residents (imports)

  • perfect substitutes

    two goods with straight-line indifference curves

  • permanent income

    a person’s normal income

  • reserve ratio

    the fraction of deposits that banks hold as reserves

  • substitution effect

    the change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution

  • surplus

    a situation in which quantity supplied is greater than quantity demanded

  • utilitarianism

    the political philosophy according to which the government should choose policies to maximize the total utility of everyone in society

  • value of the marginal product

    the marginal product of an input times the price of the output

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