ecoonomics defcon 1

The idea that a country should be self-sufficient and not take part in international trade.

• isolationism
• inward oriented economic development
• trickle down
• subsistence

The annual income from a security or share , expressed as a percentage of the current market price of the security or share

• profit share
• dividend 
• incomes - curent account
• capital gain 

the ratio of a bank’s capacity to its total assets required by regulators to be above a minimum (“adequate”) level so that there is little risk of the bank going bust

• capital adequacy ratio
• reserves
• credit multiplier 
• liquidity trap 

The weighted average of a country’s export PRICES relative to its import prices
.

• trade weighted index 
• trade CPI
• real trade balance 
• terms of trade

When capital flows rapidly out of a country, usually because something happens which causes investors suddenly to lose confidence in its economy.

• capital d
  destruction 
• capital flight
•  decapitalisation
• capitalism 

quantity theory of money which measure the speed that money moves through or changes hands in the economy

• monetary policy
• credit creation
• velocity of
   circulation 
• multiplier

It predicts that if GDP grows at around 3% a year, the jobless rate will be unchanged. If it grows faster, the unemployment rate will fall by half of what the growth rate exceeds 3% by

• Lorenz curve
• Pitchford thesis 
• Okun's law 
• phillips curve 

 it is more efficient for one firm to serve an entire market than for two or more firms to do so, because of the sort of economies of scale  available in that market

• public monopoly
• natural monopoly 
• cartel
• collusive oligopoly

When people are misled by Inflation into thinking that they are getting richer, when in fact the value of Money is declining

• real income 
• inflation 
• money illusion 
• paradox of thrift

Other things being equal.

• veni vidi vici 
• quid pro quo
• in vino veritas
• ceteris paribus