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OAS: (Organization of American States ) In 1948, 21 nations of the hemisphere met in Bogota, Colombia, to adopt the Charter of the Organization of American States (OAS). Since then, the OAS has expanded to include the nations of the Caribbean, as well as Canada. Currently, all 35 independent countries of the Americas have ratified the OAS Charter and belong to the Organization. Cuba remains a member, but its government has been excluded from participation in the OAS since 1962. The OAS is the region's premier political forum for multilateral dialogue and action. Among OAS' major goals they work for strengthening freedom of speech and thought as a basic human right, promoting greater participation by civil society in decision-making at all levels of government, improving cooperation to address the problem of illegal drugs and supporting the process to create a Free Trade Area of the Americas.

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Lesson 12: Business Cycles | Unit 5: Policies Page: 26 of 26

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  • How stabilization policies can limit or prevent the unemployment and inflation problems caused by business cycle instability.
  • The two main types of stabilization problems, fiscal policy and monetary policy.
  • How expansionary fiscal policy counters contractions with more spending and lower taxes.
  • How expansionary monetary policy counters contractions with more money.
  • How contractionary fiscal policy counters expansions with less spending and higher taxes.
  • How contractionary monetary policy counters expansions with less money.

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CARDINAL UTILITY

The notion that utility--the satisfaction of wants and needs achieved through the consumption of goods and services--can be measured with numerical values (1, 2, 3, etc.) that are based on a benchmark scale. Cardinal utility presumes that satisfaction is a measurable characteristic of a person, like height or weight. The contrasting notion is ordinal utility, which is based on a ranking of preferences.

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APLS

WHITE GULLIBON
[What's This?]

Today, you are likely to spend a great deal of time at a flea market seeking to buy either several magazines on time travel or 500 feet of telephone cable. Be on the lookout for slow moving vehicles with darkened windows.
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This isn't me! What am I?

In 1914, Ford paid workers who were age 22 or older $5 per day -- double the average wage offered by other car factories.
"God grants victory to perseverance. "

-- Simon Bolivar, South American liberator

AFBD
Association of Futures Brokers and Dealers (UK)
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