March 23, 2018 

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DETERMINANTS: Ceteris paribus factors that are held constant when a curve is constructed. Changes in these factors then cause the curve to shift to a new location. The most common determinants are demand determinants for the demand curve (income, preferences, other prices, buyers' expectations, and number of buyers) and supply determinants for the supply curve (resource prices, technology, other prices, buyers' expectations, and number of buyers). Other common curves and their determinants include: production possibilities curve (technology, education and the quantities of labor, capital, land, and entrepreneurship); aggregate demand curve (the four aggregate expenditures of consumption, investment, government purchases, and net exports); and short-run average cost curve (technology, wages, and other production cost).

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Lesson 18: Banking | Unit 2: Banking Details Page: 4 of 24

Topic: Types <=PAGE BACK | PAGE NEXT=>

There are four types of financial institutions.

Four types:

  1. Banks
  2. Savings and Loans Associations
  3. Credit Unions
  4. Mutual Savings Banks

Important point:

  • Each type was established for different reasons and to play distinct roles in the economy. But now, they all operate much the same.

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A tax specified as a percentage of the quantity of a good, service, asset, or other activity. Per unit taxes are often imposed on specific goods or markets. A common per unit tax is that levied on gasoline. People pay a given tax for each gallon of gasoline purchased, regardless of the price of gasoline. An alternative is an ad valorem tax, with is a tax specified as a percentage of the value or price of a good.

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Today, you are likely to spend a great deal of time flipping through the yellow pages seeking to buy either a wall poster commemorating yesterday or pink cotton balls. Be on the lookout for mail order catalogs with hidden messages.
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The average length of a "business lunch" is about 36 minutes.
"It is not the straining for great things that is most effective; it is the doing of the little things, the common duties, a little better and better."

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