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Darren_Duong words, 19 May 24, 11:25


1 economy_of_scale ? large firms like monopoly can reduce their production cost through economy_of_scaleNReduction in cost per unit resulting from increased production, realized through operational efficiencies.2015.03.12 01:47
2 monopoly 4 The firms like Sinopec, PingAn Insurance, Citic are monopolyNA situation in which a single company owns all or nearly all of the market for a given type of product or service. - 2015.03.12 01:32
3 soft_landing ? Governor Zhou guarantees that China will have a soft_landing at the end of this yearNThe avoidance of both inflation and high interest rates as well as a recession as an economy slows its growth rate. - - 2015.03.12 00:59
4 recession 3 The company fired 500 workers during the recession between 2008 and 2011 period.NA period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. - - 2015.03.12 00:57
5 inferior 5 instant noodles is inferior good because when our income increases, we will buy ramen instead.NA good the demand for which falls as income rises.2015.03.12 00:50
6 monetary_policy ? Governor Zhou said on tuesday that the central bank will take a cautious monetary_policy this year to control inflation.NThe regulation of the money supply and interest rates by a central bank.2015.03.12 00:40
7 equilibrium 5 The equilibrium price of this function is 50,50NThe point where demand meets suppy2015.03.12 00:37
8 dividend 4 The dividend of Bank of China this year is only 8%NThe payment declared by the company to its shareholders2015.03.12 00:31
9 tax_burden 1 On the graph, tax_burden is usually a rectangle next to the dead weight lossNThe amount of income, property, or sales tax levied on an individual or business.2015.03.12 00:28
10 opportunity_cost 2 the loss of potential gain from other alternatives when one alternative is chosen is called opportunity_costNthe opportunity_cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between se2015.03.12 00:24
11 market_demand ? take the derivative of market_demand with respect to priceNIt is simply the sum of individual quantities demanded at any given price2015.03.12 00:14
12 pareto_efficiency ? The competitive equilibrium is pareto_efficiencyNThere is no way to make one party better off without making the other worse off2015.03.12 00:04
13 isoquant 3 Another way to describe the technological constraints facing a firm is - through the use of isoquantsNAn isoquant is the set of all possible - combinations of inputs 1 and 2 that are just sufficient to produce a given - amount of output.2015.03.11 23:59

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