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The Economics Game

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Reply 100
Avatar for Groat
Groat
OP
13
There's no need to start a new thread: please start your word with the second-last letter of the above post.

I'm sure it'll catch on.
Reply 101
Avatar for Groat
Groat
OP
13
Original post by ArsLongaVitaBrevis
Share - A security giving the holder partial ownership of a company.


Recession - a fall in real GDP over two consecutive quarters.
Reply 102
Avatar for Tateco
Tateco
14
Original post by ArsLongaVitaBrevis
Share - A security giving the holder partial ownership of a company.


Equity-efficiency trade-off - where a choice is made sacrificing one for the benefit of the other
Reply 103
Avatar for Nextmove
Nextmove
Original post by tateco
Xylophone?


Electric Guitar
Original post by Groat

Original post by Groat
Recession - a fall in real GDP over two consecutive quarters.


Opportunity cost - the "next best thing, e.g could have used labour instead of capital".
Reply 105
Avatar for Groat
Groat
OP
13
Original post by tehforum
Opportunity cost - the "next best thing, e.g could have used labour instead of capital".


Surplus - an excess of supply over demand.
Reply 106
Avatar for Nextmove
Nextmove
Original post by tehforum
Opportunity cost - the "next best thing, e.g could have used labour instead of capital".


Transnational corporation - A firm which operates in more than one country
Reply 107
Avatar for hemant1
hemant1
11
Supply side policy - A Policy that effects AS first.

I should start quoting :l
Reply 108
Avatar for Tateco
Tateco
14
Original post by Groat
Recession - a fall in real GDP over two consecutive quarters.


Output gap - the difference between potential output and actual output

REMEMBER EVERYONE, SECOND LAST LETTER
Original post by hemant1

Original post by hemant1
Supply side policy - A Policy that effects AS first.


Capital - resources e.g machinery.
Reply 110
Avatar for Groat
Groat
OP
13
Original post by hemant1
Supply side policy - A Policy that effects AS first.


Complements - goods for which there is joint demand.
Reply 111
Avatar for hemant1
hemant1
11
Original post by Nextmove
Transnational corporation - A firm which operates in more than one country


Advolerum tax - A percentage tax
Reply 112
Avatar for Tateco
Tateco
14
Original post by hemant1
Supply side policy - A Policy that effects AS first.

I should start quoting :l


Consumption - spending on goods and services by households in an economy

Remember it's second last letter now....
Reply 113
Avatar for Nextmove
Nextmove
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We are now looking at the second to last letter instead of the very last.

The rules have been changed.
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(edited 12 years ago)
Original post by tateco
Consumption - spending on goods and services by households in an economy

Remember it's second last letter now....


Output
This is all over the place; we're too fast.
Reply 116
Avatar for Tateco
Tateco
14
Original post by MrEboueEmmanuel
Output


Unemployment - those actively seeking work but who cannot find a job
Reply 117
Avatar for Tateco
Tateco
14
Original post by tehforum
This is all over the place; we're too fast.


I don't think it really matters, it will settle down soon though. We economics students are just machines :colondollar:
Utility
Reply 119
Avatar for Nextmove
Nextmove
Original post by tehforum
This is all over the place; we're too fast.


Just pick the last one on your screen and reply to it. I think most people here are just playing to refresh their memory on definitions :smile:

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