Your finals are on June 4th from 10:00-12:00 and 1:00-3:00. You may complete and submit this study guide prior to taking your final for up to 10 extra credit points. You may prepare one sheet of handwritten notes to use during the test.

Economics

o Entrepreneur p.6
o Factors of production/ land p. 4
o Factors of production/ human capital p. 5
o Production Possibilities Curve p. 16
o Free Market/ Self interest p 31
o Three economic questions and social values p. 26
o markets p. 28
o Socialism p.35
o government p.60
o pubic good p.62
o elasticity p. 91
o elasticity of supply p. 104
o subsidy p. 117
o supply curve p.103
o supply curve and elasticity p. 105
o black market p. 142
o rent control p. 129
o price ceilings p. 129
o antitrust p. 173
o monopoly p 159
o sole proprietorship p. 185-187
o changes in the labor force p. 224
o labor unions p. 229-231
o financial institution p. 263
o pre- Civil War Banking p. 250
o 20th century banking p. 255
o risk and liquidity p. 274-275
o aggregate demand p. 307
o recession p. 311
o depression p. 311
o business cycle p. 311
o poverty rate p. 346
o causes of poverty p. 346-347
o income tax p. 261 and 366
o federal reserve p. 417
o tight money policy p. 431
o interest rate and demand for money p. 423
o less developed countries p. 475
o human capital p. 482
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