×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide

Solutions for Chapter 19: East Africa

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Full solutions for World Geography

ISBN: 9780618689989

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Solutions for Chapter 19: East Africa

Solutions for Chapter 19
4 5 0 265 Reviews
24
5
Textbook: World Geography
Edition:
Author: McDougal Littel
ISBN: 9780618689989

Since 38 problems in chapter 19: East Africa have been answered, more than 12121 students have viewed full step-by-step solutions from this chapter. World Geography was written by and is associated to the ISBN: 9780618689989. This textbook survival guide was created for the textbook: World Geography, edition: . Chapter 19: East Africa includes 38 full step-by-step solutions. This expansive textbook survival guide covers the following chapters and their solutions.

Key Business Terms and definitions covered in this textbook
  • ability-to-pay principle

    the idea that taxes should be levied on a person according to how well that person can shoulder the burden

  • automatic stabilizers

    changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action

  • average fixed cost

    fixed cost divided by the quantity of output

  • consumer surplus

    the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it

  • crowding-out effect

    the offset in aggregate demand that results when expansionary fiscal policy raises the interest rate and thereby reduces investment spending

  • demand deposits

    balances in bank accounts that depositors can access on demand by writing a check

  • efficient scale

    the quantity of output that minimizes average total cost

  • equilibrium price

    the price that balances quantity supplied and quantity demanded

  • explicit costs

    input costs that require an outlay of money by the firm

  • exports

    goods produced domestically and sold abroad

  • factors of production

    the inputs used to produce goods and services

  • financial markets

    financial institutions through which savers can directly provide funds to borrowers

  • human capital

    the knowledge and skills that workers acquire through education, training, and experience

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • law of demand

    the claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

  • oligopoly

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

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • real GDP

    the production of goods and services valued at constant prices

  • reserve requirements

    regulations on the minimum amount of reserves that banks must hold against deposits

  • union

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

×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide
×
Reset your password