VWL 1, FFHS, Semester 3
VWL 1, FFHS, Semester 3
VWL 1, FFHS, Semester 3
286
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Esther Kilcher
Esther Kilcher
Set of flashcards Details
| Flashcards | 286 |
|---|---|
| Language | Deutsch |
| Category | Macro-Economics |
| Level | University |
| Created / Updated | 14.12.2015 / 22.05.2016 |
| Weblink |
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variable costs
costs that vary with the quantity of output produced
velocity of money
the rate at which money changes hands
vertical equity
the idea that taxpayers with a greater ability to pay taxes should pay larger amounts
welfare economics
the study of how the allocation of resources affects economic well-being
willingness to pay
the maximum amount that a buyer will pay for a good
world price
the price of a good that prevails in the world market for that good
