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July 5, 2025 

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FOR WHOM?: One of three basic questions of allocation (What? and How? are the other two). Answering the "For Whom?" question of allocation determines who receives the goods that society produces with limited resources. Answering the "For Whom" question involves related questions such as, should goods be distributed to people according to incomes and ability to buy (contributive standard), wants and needs (needs standard), political affiliation, or some other criterion (perhaps equality standard)?

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MERIT GOOD: A good that society, usually government, deems is undervalued by consumers in normal market exchanges. As such, governments typically promote the consumption of merit goods through policies such as price subsidies or direct government provision. Merit goods are often quasi-public goods or have externality by-products. Examples include education and health care. The counter type of good is a demerit good.

     See also | good | good types | externalities | near-public good | quasi-public good | by-product | government functions | demerit good | voluntary exchange |


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MERIT GOOD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 5, 2025].


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REPURCHASE AGREEMENTS

Short-term loans in which borrower sell assets to lenders with the agreement to purchase the assets at a later time a higher price. The assets most commonly sold are short-term U.S. Treasury securities and the higher price includes an interest payment on the loan. Repurchase agreements, also termed repos, are commonly used by the borrowers (that is, the sellers) to acquire short-term liquidity without foregoing the longer term investment returns from the assets. Repurchase agreements, along with other institutional investment near monies, are added to M2 to derive M3.

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APLS

BLACK DISMALAPOD
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Today, you are likely to spend a great deal of time at a dollar discount store seeking to buy either a box of multi-colored, plastic paper clips or several orange mixing bowls. Be on the lookout for broken fingernail clippers.
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This isn't me! What am I?

The word "fiscal" is derived from a Latin word meaning "moneybag."
"Plans are only good intentions unless they immediately degenerate into hard work."

-- Peter Drucker, management consultant

M2
M1 plus savings types of near monies, including savings deposits, certificates of deposits, money market deposits, repurchase agreements, and Eurodollars
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