- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A tax on imports that varies over time so as to stabilize the domestic price of the imported good. Essentially, the tax is set equal to the difference between the target domestic price and the world price.
Industry:Economy
A measure of how much an economic or statistical variable varies across values or observations. Its calculation is the same as that of the covariance, being the covariance of the variable with itself.
Industry:Economy
A pool of money used to fund startup firms in exchange for shares of ownership that are expected to be cashed out within a few years as the successful startups go public or are acquired. The greater availability of venture capital in the U. S. , compared to other countries, is said to contribute to its success in innovation.
Industry:Economy
A restriction on a country's imports that is achieved by negotiating with the foreign exporting country for it to restrict its exports.
Industry:Economy
A program to pay displaced workers, when they become re-employed and for a limited period of time, a specified fraction of the difference between their old wage and their lower new wage. As of 2002, the US provides wage insurance to a limited number of workers as part of Alternative Trade Adjustment Assistance.
Industry:Economy
A feedback process in which increasing wages lead, through costs, to increasing prices, while increasing prices lead, through the need to maintain real wages, to increasing wages.
Industry:Economy
A market adjustment mechanism in which price rises when there is excess demand and falls when there is excess supply. Strictly speaking, these excess supplies and demands are those that would obtain without any history of disequilibrium, as with a Walrasian auctioneer.
Industry:Economy
A hypothetical entity that facilitates market adjustment in disequilibrium by announcing prices and collecting information about supply and demand at those prices without any disequilibrium transactions actually taking place.
Industry:Economy
A "treaty of friendship, co-operation, and mutual assistance" including the Soviet Union and its satellite states in Central Europe. Signed in 1955, it included eight countries.
Industry:Economy
