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Economics

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Economics
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4.3 Vocabulary

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Consumer theory
Economics
Elasticity
Demand
Microeconomics
Price elasticity of demand


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Elementary geometry
Transversal
Technology

Theorem Hypothesis Conclusion Corresponding Angles Postulate If two parallel lines are cut by a transversal, then the pairs of corresponding angles are congruent. 4 3 1 2 1 ? 8 7 6 5 P Q ?1 ? ?3 ?2 ? ?4 ?5 ? ?7 ?6 ? ?8 Alternate Interior Angles Theorem If two parallel lines are cut by a transversal, then the pairs of alternate interior angles are congruent. 22 1 4 3 ?1 ? ?3 ?2 ? ?4 Alternate Exterior Angles Theorem If two parallel lines are cut by a transversal, then the two pairs of alternate exterior angles are congruent. 5 6 8 7 ?5 ? ?7 ?6 ? ?8 Same-Side Interior Angles Theorem If two parallel lines are cut by a transversal, then the two pairs of same side interior angles are supplementary. 4 1 2 3

Butter Tart, Why does it effect our recession prone economy?

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Butter tart
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Butter
Internet

Butter Tart Recipe from? This pretty dessert features a creamy homemade custard topped with decadent sweetened sauteed apple slices. Prep Time:?45 mins Total Time:?1 hr 43 mins Servings:?12 to 16 servings Ingredients 1 recipe? Sweet Pastry 2 tablespoons? butter 1/2 cup? sugar 5 large? Honeycrisp apples, cored and cut into 8 wedges each (3 1/2 pounds) 1/2 cup? butter 3 ? egg yolks 1/3 cup? sugar 1/4 teaspoon? salt 1/4 teaspoon? almond extract 1/3 cup? all-purpose flour Directions 1

Study Guide Ch. 1 and 2

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Define Economics. Social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. What is scarcity? How is it related to the study of economics? Scarcity is the limitation of resources. This is related to the study of economics because economics is studying how people make decisions based on their unlimited wants with limited resources (scarcity). List the factors of production with an example of each. Factors of Production Land (ex. Forests, oil wells, rivers, ocean) Labor (ex. Professional athlete, lawyer, salesmen) Capital (ex. Factory, transportation, storage, tools) Technology (ex. Phones, laptops, lawn mowers) Management (ex. Organazation/regulation)

Apes chapter 8 and 7 outline

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Economics:?Principles in Action C H A P T E R 8?Business Organizations C H A P T E R 8 ?Business Organizations S E C T I O N 1?Sole Proprietorships What role do sole proprietorships play in our economy? What are the advantages of a sole proprietorship? What are the disadvantages of a sole proprietorship? A sole proprietorship is a business owned and managed by a single individual. The Role of Sole Proprietorships A business organization is an establishment formed to carry on commercial enterprise. Sole proprietorships are the most common form of business organization. Most sole proprietorships are small. All together, sole proprietorships generate only about 6 percent of all United States sales. Characteristics of Proprietorships

What is GDP?

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Gross domestic product
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What Is Gross Domestic Product? Gross domestic product (GDP) is the total market value of all final goods and services produced in a country in one year. To calculate GDP, complete the following steps: 1. Find the market value for each good produced: Multiply the price of each good by the quantity of the good produced. 2. Sum the market values: Add the dollar amounts found in step 1. Why Count Only Final Goods? GDP is the total market value of all final goods and services produced in a country in one year. A final good is a good sold to its final user. For example, when you buy a hamburger at a fast-food restaurant, the hamburger is a final good. You are the final user. No one uses (eats) the hamburger besides you. An intermediate good, in contrast, has not reached its final user.

The Economy Today

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Stock

What Does the Downgrade do for US? So if buy government bonds today, I'll be getting a lower rate than before the downgrade? Yes. But ratings are only one of many factors that impact prices and interest rates. Some companies? reputation and the role that the government occupies in the credit markets, a simple rating change alone can?t be expected to have a huge impact. There are the other factors that have been influencing bond prices in recent weeks.

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