Econ Semester Final

Front

International Trade left to its natural course without tariffs, quotas, or other restrictions.

Back

Free Trade

Front

Electronic Business or Exchange concluded over the internet

Back

Ecommerce

Front

12 Month Financial Planning Period that may not coincide with the calendar year; October 1 to September 30 for the federal government.

Back

Fiscal Year

Front

Tax placed on an imported product

Back

Tariff

Front

Is an increase in the value of an asset over time

Back

Appreciation

Front

Gradual wear on capital goods

Back

Depreciation

Front

Program or benefit using established eligibility requirements to provide health, nutritional, or income supplements to individuals.

Back

Entitlement

Front

Annual plan outlining proposed expenditures and anticipated revenues.

Back

Federal Budget

Front

Market structure characterized by a single producer; form of imperfect competition.

Back

Monopoly

Front

Rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship between price and quantity demanded

Back

Law Of Demand