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GOVERNMENT SECURITIES: Financial instruments used by the federal government to borrow money. Government securities are issued by the U.S. Treasury to cover the federal government's budget deficit. Much like consumers who borrow money from banks to finance the purchase of a house or car, the federal government borrows money to finance some of its expenditures. These securities include small denomination ($25, $50, or $100), nonnegotiable Series EE savings bonds purchased by consumers. The really serious money, however, is borrowed using larger denomination securities ($100,000 or more) purchased by banks, corporations, foreign governments, and others with large sums of money to lend.
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Lesson 19: Monopolistic Competition | Unit 1: Intro
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Page: 2 of 22
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- The four characteristics of monopolistic competition are:
- Large number of small firms
- Similar products
- Good resource mobility
- Relatively complete knowledge
- These four characteristics are very similar to those for perfect competition -- close, but not identical.
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TAXATION PRINCIPLES Taxes are the mandatory payments made by members of society to governments to finance government operations. The study of public finance identifies several key principles of taxation -- tax effects (revenue and allocation), tax proportionality (proportional, progressive, and regressive), tax payments (benefit and ability-to-pay), tax equity (horizontal and vertical).
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club wanting to buy either a tall storage cabinet with five shelves and a secure lock or a birthday greeting card for your grandmother. Be on the lookout for cardboard boxes.
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The average length of a "business lunch" is about 36 minutes.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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SSRN
Social Science Research Network
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