Chapter 11 Terms
Money - anything generally acceptable in an economy to purchase goods and services
Double coincidence of wants - the problem of barter: for a trade to occur, both parties must
want what the other is willing to trade
Commodity money - mone
Have you ever saw the errors in your way but still missed the chance to
correct that at last. Same thing also happened on Macbeth, a hero, an
undecided, wicked, merciless and credulous hero.
One of the most important things that leaded Macbeths tr
is an ir
to a dis
Fire is an interesting symbol in Fahrenheit 451 because it symbolizes two
different things. Through the firemen, who burn books and wear the
number "451" on their helmets, fire symbolizes destruction.
As Montag struggles to induce fre
1. Identify Montag and describe his job.
He is a fireman whose job is to
burn books, instead of stopping fires.
2. Describe Clarisse McClellan She is easygoing. She has a very pale
complexion and different point of view with other people on many things.
1. The production possibilities frontier is the boundary between those
combinations of goods and services that can be produced and those that
2. A. The PPF illustrates scarcity because we cannot arraign the points
outside the frontier. These point
Benefit: The benefit of something is the gain or pleasure that it bring and
is determined by preferences.
Capital: the tools, instruments, machines, buildings, and other
constructions that businesses use to produce goods and services are called
The pace of tunnel construction has been considerably slower than anticipated
due to poor soil conditions as the route runs through loose glacial till. These
conditions also caused small ground level sinkholes to form at the locations
where the tunnel bor
Target Missed the Target
Crystal Ho and Debbie Jung
BANK OF CANADA
FOUNDING OF THE BANK OF CANADA
founded by Parliament in 1934
Its original purpose was to stabilize the Canadian economy and provide security for the
Other banks feared that politicians would use a government run central ban
Chapter 9 Vocab
Macroeconomics: the study of the economy as a whole
Gross Domestic Product (GDP): the total market value of all final goods and services
produced within a country in one year
Expenditure Approach: a calculation of GDP that totals all that
Chapter 10 Vocab
Aggregate demand (AD) - that total demand for all goods and services produced
in a society
Aggregate Supply (AS) - total supply of all goods and services produced in a
Full-Employment Equilibrium - when AD intersects the AS curves
Pg 260 #1, 2
1) if $5000 in cash is deposited in a bank that is part of a multi-bank system with a reserve ratio
of 10 percent, how much could be created in (a) new deposits and (b) new money?
2) If $10000 in cash is deposited in a bank