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ECON TERMS CHAP 5

  1. EXCHANGE RATES
    the price of one couantry's currency in terms of another's currency
  2. PRICE CEILING
    a government imposed ilimit on how higha price can be charged
  3. rent control
    a price cealing on rents set by governments
  4. price floors
    government-imposed limits on how low a price can be charged
  5. minimum wage laws
    laws specifying the lowest wage firm can legally pay an employee
  6. exceise tax
    a tax that is levied on a specific goal
  7. tariff
    an excise tax on an importated good
  8. third party payer markets
    the person who recieves the good differs from the person paying for the good
Author
ndumas2
ID
66204
Card Set
ECON TERMS CHAP 5
Description
CHAP 5
Updated

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