Monday, May 24, 2021

Economics Study Guide Version 2

 Key Terms Economics Study Guide


Key Terms-Final Review

Directions: Review the key terms listed below. Select 10 terms you are not familiar with. Review the 10 terms in your textbook. Post the 10 terms with an explanation of the key term. Include the page number from the text book where you found the explanation of the key term.


  1. ·       Entrepreneur

  2. ·       Land

  3. ·       Human Capital

  4. ·       Production Possibilities Curve

  5. ·       Competition

  6. ·       Free Market

  7. ·       Safety Net

  8. ·       Market Economy

  9. ·       Socialist

  10. ·       Innovation

  11. ·       Public Goods

  12. ·       Elasticity

  13. ·       Elastic Supply

  14. ·       Subsidies

  15. ·       Market Supply Curve

  16. ·       Supply Curve

  17. ·       Inelastic

  18. ·       Black Market

  19. ·       Rent Control

  20. ·       Sherman Antitrust Act

  21. ·       Antitrust Laws

  22. ·       Sole Proprietorship

  23. ·       Closely Held Corporation

  24. ·       Glass Ceiling

  25. ·       Labor Union

  26. ·       Finance Company

  27. ·       Banking before Civil War

  28. ·       FDIC

  29. ·       Credit

  30. ·       Aggregate demand/supply

  31. ·       Depression

  32. ·       Poverty Threshold

  33. ·       “Working Poor”

  34. ·       Taxable Income

  35. ·       Deduction

  36. ·       Federal Reserve System

  37. ·       Tight Money Policy

  38. ·       Interest Rates and Money Supply

  39. ·       Less Developed Country

·       Brain Drain

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Economics Study Guide Version 2

  Key Terms Economics Study Guide Key Terms-Final Review Directions: Review the key terms listed below. Select 10 terms you are not familiar...