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INDIVIDUAL RETIREMENT ACCOUNT: A savings retirement account set up with a bank, mutual fund, brokerage firm that allows people to set aside a portion of their income each year. Like other private pension plans, income diverted to an individual retirement account (or IRA) is tax deferred, that is, taxes on not paid on the income until it is withdrawn during retirement.
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Lesson 7: Market | Unit 4: Adjustment
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Page: 16 of 22
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- How competitive markets tend to be self-correcting because nonequilibrium prices create shortages and surpluses that move the price back to the equilibrium level.
- How shortages, with quantity demanded greater then quantity supplied, are created for prices below the equilibrium level.
- 3. Why a shortage causes price to increase back to the equilibrium level.
- How surpluses, with quantity demanded less then quantity supplied, are created for prices above the equilibrium level.
- Why a surplus causes price to decrease back to the equilibrium level.
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EMPLOYMENT-POPULATION RATIO The ratio of employed persons to the total civilian noninstitutionalized population 16 years old or older. Also termed the employment rate, the employment-population ratio is used as an alternative to the unemployment rate as an indicator of the utilization of labor resources.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time wandering around the shopping mall seeking to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for small children selling products door-to-door.
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In his older years, Andrew Carnegie seldom carried money because he was offended by its sight and touch.
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"Experience keeps a dear school, but fools will learn in no other. " -- Benjamin Franklin
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Q-RATIO
Ratio of Total Market Value of Physical Assets
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