by Avigail Resendiz

Economics Terms.

pianogirl02978 — 2013-05-15 20:21:02 UTC

1. Embargo- an official ban on trade or other commercial activity with a particular country

pianogirl02978 — 2013-05-15 20:21:19 UTC

2. Sanctions- A threatened penalty for disobeying a law or rule.

pianogirl02978 — 2013-05-15 20:22:23 UTC

3. Tariff- A tax or duty to be paid on a particular class of imports or exports.

pianogirl02978 — 2013-05-15 20:23:17 UTC

4. NAFTA- North American Free Trade Agreement.

pianogirl02978 — 2013-05-15 20:24:24 UTC

A regulation implemented on Jan. 1, 1994, that decreased and eventually eliminated tariffs to encourage economic activity between the United States, Mexico and Canada.

5. United Nations- An international organization of countries set up in 1945, in succession to the League of Nations, to promote international peace, security, and cooperation.

pianogirl02978 — 2013-05-15 20:25:59 UTC

6. Subsidy- A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

pianogirl02978 — 2013-05-15 20:27:50 UTC

7. Price ceiling- a government price control that sets the maximum allowable price for a good.

pianogirl02978 — 2013-05-15 20:29:37 UTC

8. Price floor- a government price control that sets the minimum allowable price for a good

pianogirl02978 — 2013-05-15 20:31:38 UTC

9. Specialization-making something suitable for a special purpose.

pianogirl02978 — 2013-05-15 20:32:37 UTC

10. Protectionism- The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.

pianogirl02978 — 2013-05-15 20:38:30 UTC

11. Export- Sending (goods or services) to another country for sale.

pianogirl02978 — 2013-05-15 20:42:53 UTC

12. Import- Bringing (goods or services) into a country from abroad for sale.

pianogirl02978 — 2013-05-15 20:44:44 UTC

13. Free Trade- International trade left to its natural course without tariffs, quotas, or other restrictions.

pianogirl02978 — 2013-05-15 20:47:11 UTC

14. Globalization- A global movement to increase the flow of goods, services, people, real capital, and money across national borders in order to create a more integrated and interdependent world economy.

pianogirl02978 — 2013-05-15 20:50:34 UTC

15. Natural Resources- Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

pianogirl02978 — 2013-05-15 20:54:13 UTC

16. Stimulus- Attempts by governments or government agencies to financially stimulate an economy.

pianogirl02978 — 2013-05-15 21:23:57 UTC

17. Monetary policy- The regulation of the money supply and interest rates by a central bank, such as the Federal Reserve Board in the U.S.

pianogirl02978 — 2013-05-15 21:26:39 UTC

18. Wall Street-

pianogirl02978 — 2013-05-15 21:29:47 UTC

A street in lower Manhattan that is the original home of the New York Stock Exchange. The street is the historic headquarters of the largest U.S. brokerages and investment banks.

19. Stock Market- The market in which shares are issued.

pianogirl02978 — 2013-05-15 21:40:30 UTC

20. Consumer Price Idex- An index of the variation in prices paid by typical consumers for retail goods and other items.

pianogirl02978 — 2013-05-15 21:42:36 UTC

21. Inflation- A general increase in prices and fall in the purchasing value of money.

pianogirl02978 — 2013-05-15 21:45:34 UTC

22. Gross Domestic Product- The total value of goods produced and services provided in a country during one year.

pianogirl02978 — 2013-05-15 21:46:59 UTC

23. Labor Union- An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.

pianogirl02978 — 2013-05-15 21:48:38 UTC

24. Unemployment- The state of being unemployed.

pianogirl02978 — 2013-05-15 21:50:31 UTC

25. Macroeconomics- The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.

pianogirl02978 — 2013-05-15 21:52:36 UTC

26. Microeconomics- The part of economics about single factors and the effects of individual decisions.

pianogirl02978 — 2013-05-15 21:54:09 UTC

27. Interest rates- the percentage of a sum of money charged for its use.

pianogirl02978 — 2013-05-15 21:59:22 UTC

28. Banks- A business establishment in which money is kept for saving or commercial purposes or is invested, supplied for loans, or exchanged.

pianogirl02978 — 2013-05-15 22:03:02 UTC

29. Non-profit organizations- A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.

pianogirl02978 — 2013-05-15 22:05:06 UTC

30. Bonds- A debt investment in which an investor loans money to an entitythat borrows the funds for a defined period of time at a fixed interest rate.

pianogirl02978 — 2013-05-15 22:08:41 UTC