Economics Vocabulary

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Economics Vocabulary
ListedListed
belowbelow
are vocabulary
wordswords
that, upon
completion
of theofunit
instruction,
should be familiar to
are vocabulary
that, upon
completion
theofunit
of instruction,
students.
These
words
are
introduced
in
the
student
text.
Some
of
these
words
will
usedofin the
should be familiar to students. These words are introduced in the student text. be
Some
CRT’s.
Every
effort
make the
readability
ofbeen
eachmade
CRT to
appropriate
these
words
willhas
be been
used made
in the to
CRT’s.
Every
effort has
make the for the grade level
at which
the
assessment
was
written.
If
needed,
teachers
are
allowed
to
assist
studentswas
with reading and
readability of each CRT appropriate for the grade level at which the assessment
comprehending
or are
phrases
theytomay
encounter
the CRT
assessment. The
written. Ifdifficult
needed, words
teachers
allowed
assist
studentsduring
with reading
and
following
are
guidelines
for
providing
assistance.
comprehending difficult words or phrases they may encounter during the CRT
assessment. The following are guidelines for providing assistance.
™ Any
may be
pronounced
to a student
as necessary.
™ word(s)
Any word(s)
may
be pronounced
to a student
as necessary.
™ Additional
assistance
may
be
given
for
words
that do
notdoappear
on theonlist
thebelow
list
™ Additional assistance may be given for words
that
not appear
(defining
words,
providing
context
clues,
giving
examples,
etc.).
below (defining words, providing context clues, giving examples, etc.).
™ Do
clues clues
that may
figurefigure
out the
answer.
™not
Doprovide
not provide
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may students
help students
outcorrect
the correct
answer
absolute advantage
annual percentage rate
authoritarian socialism
bankruptcy
bear market
bull market
business cycle
capital good
capital resource
capitalism
command economy
common stock
communism
comparative advantage
conglomerate combination
consumer
contraction
corporations
credit rating
customs duty
cyclical unemployment
deflation
demand side economics
democratic socialism
depression
differentiate
discount rate
diversification
easy-money policy
economics
embargo
EU (European Union)
excise tax
expansion
externality
factor of production
financial investment
fiscal policy
fixed expense
flexible expense
franchise
free trade
frictional unemployment
Gross Domestic Product
Gross National Product
horizontal combination
human resource
hyperinflation
import quota
incentive
inflation rate
interest
law of demand
law of supply
leading indicators
liquidity
macroeconomics
market economy
maturity
merger
microeconomics
mixed economy
monetary policy
monopolistic competition
Printed 10/5/2006
monopoly
municipal bonds
NAFTA (North American Free Trade
Agreement)
natural resource
nonprice competition
oligopoly
partnerships
peak
perfect competition
preferred stock
prime rate
principal
producer
progressive tax
proportional tax
protectionism
public good
real investment
recession
regressive tax
resource
savings rate
seasonal unemployment
sole proprietorship
stock
structural unemployment
subsidiary
supply side economics
tax rate
tight-money policy
time deposit
trade barrier
traditional economy
unemployment rate
vertical combination
Printed 10/5/2006
Printed 10/5/2006
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