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October 18, 2018 

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ANTIDUMPING DUTY: A tariff levied by an imported country (presumably) being the target of foreign dumping. Since dumping implies selling a good to a foreign country at a price below production cost, the antidumping duty is intended to offset the 'unfair' advantage that the foreign seller obtains by selling below cost. The antidumping duty raises the domestic price of the good to the level that the foreign producer would charged if true costs were considered.

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Lesson 18: Banking | Unit 2: Banking Details Page: 6 of 24

Topic: S&Ls <=PAGE BACK | PAGE NEXT=>

The second type is a savings and loans association.

History:

  • Created by the Federal Home Loan Act after the WWII.
  • Promoted homed ownership for the middle class.
  • Regulated by the Federal Home Loan Bank and by the Federal Savings and Loan Deposit Insurance Corporation.
  • Operated during the 50's and 60's using the 3-6-3 rule.
  • Used savings accounts to make mortgage loans.
  • Didn't offer checking accounts or business loans.

Changes in the 70's:

  • Went for riskier loans and offered checking accounts.

In the 80's:

  • Many went out of business, others merged with traditional banks, and a few survived.
  • Operate now like traditional banks: Offer the same services and come under the same regulations.

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MARGINAL REVENUE

The change in total revenue resulting from a change in the quantity of output sold. Marginal revenue indicates how much extra revenue a firm receives for selling an extra unit of output. It is found by dividing the change in total revenue by the change in the quantity of output. Marginal revenue is the slope of the total revenue curve and is one of two revenue concepts derived from total revenue. The other is average revenue. To maximize profit, a firm equates marginal revenue and marginal cost.

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PURPLE SMARPHIN
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Today, you are likely to spend a great deal of time flipping through the yellow pages wanting to buy either 500 feet of telephone cable or a package of 4 by 6 index cards, the ones with lines. Be on the lookout for cardboard boxes.
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A thousand years before metal coins were developed, clay tablet "checks" were used as money by the Babylonians.
"Executives who get there and stay suggest solutions when they present the problems. "

-- Malcolm Forbes, business executive

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