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IADB: (Inter-American Development Bank) A regional multilateral development institution established 1959 to help accelerate economic and social development in Latin America and the Caribbean. The Bank provides loans and technical assistance using capital provided by its member countries, as well as resources obtained in world capital markets through bond issues. The Bank is owned by its 46 member countries: 26 borrowing member countries in Latin America and the Caribbean, and 20 nonborrowing countries, including the United States, Japan, Canada, 16 European countries, and Israel. The Inter-American Development Bank has its headquarters in Washington, DC.

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Lesson 6: Supply | Unit 2: Law of Supply Page: 7 of 19

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  • The law of supply, which is an economic principle stating that supply price and quantity supplied are directly related, ceteris paribus.
  • The fact that the law of supply is not as rigid as the law of demand.
  • The ceteris paribus assumption, holding other things unchanged, that is used when using the law of supply.
  • How the law of supply is based on increasing production cost, which depends on the law of increasing opportunity cost.


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MARGINAL ANALYSIS

A basic technique used in economics that analyzes small, incremental changes in key variables. Marginal analysis is the primary analytical approached used in the study of markets, production, consumption, business cycles, and economic policies. It not only reflects how most economic decisions are made, it also lends itself to mathematical and graphical analysis.

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APLS

PINK FADFLY
[What's This?]

Today, you are likely to spend a great deal of time browsing about a thrift store seeking to buy either a desktop calendar with all federal and state holidays highlighted or a half-dozen helium filled balloons. Be on the lookout for pencil sharpeners with an attitude.
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This isn't me! What am I?

Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
"Act well at the moment, and you have performed a good action for all eternity."

-- Johann Kaspar Lavater

FAO
Food and Agricultural Organization
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