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Frage		Antworten
academicians Lernen beginnen		members of academy
resource Lernen beginnen		a useful or valuable possession of something
slum dwelling Lernen beginnen		very poor place to live
commodity Lernen beginnen		a substance or product that can be traded, bought, or sold
datum Lernen beginnen		single piece of information
hostility Lernen beginnen		situation when someone is unfriendly
tariff Lernen beginnen		list of charges either for services or on goods entering a country
monopolist Lernen beginnen		company that have monopoly
neglect Lernen beginnen		to not give enough attention to things that you are responsible for
perimissible Lernen beginnen		allowed
aspect Lernen beginnen		one part of a situation
viewpoint Lernen beginnen		a place from where we can observe something
ascertain Lernen beginnen		to discover something
varying frequency Lernen beginnen		different frequencies
completely centralized market Lernen beginnen		when the market is controlled by one authority
quote Lernen beginnen		to repeat the words that someone else has said
canvass Lernen beginnen		to try to get political support or votes
phenomenon Lernen beginnen		something unusual that exists and can be seen
disperce Lernen beginnen		to spread across or move away over a large area
uniquitous Lernen beginnen		seeming to be everywhere
homogeneous goods Lernen beginnen		goods that are similar to each other or are of the same type
deviation Lernen beginnen		the action of doing something that is different from the usual
anthracite Lernen beginnen		a very hard type of coal that burns slowly and produces a lot of heat with very little smoke and a small flame
price dispertion Lernen beginnen		variation in prices across sellers of the same item, holding fixed the item's characteristics
homogeneity Lernen beginnen		something that is consisting of parts that are similar to each other
metaphysical Lernen beginnen		part of philosophy which is about understanding existence
fruitless Lernen beginnen		unsuccessful or produces nothing of value
heterogeneity Lernen beginnen		something that is consisting of parts that are different to each other
primitive Lernen beginnen		something that is at very early stage of development
skewed Lernen beginnen		not accurate or exact
reproducible goods Lernen beginnen		goods that are able to be made again
rectangular Lernen beginnen		shaped as a rectangle
algebraic simplicity Lernen beginnen		the fact that algebra is easy to understand
yield Lernen beginnen		to produce something positive
diminish Lernen beginnen		to reduce the size or importance
distribution Lernen beginnen		the process of giving things out to several people
apparent Lernen beginnen		able to be understood
approximate Lernen beginnen		when something is close to particular number but not quite
quantity Lernen beginnen		the amount of something
reduction in price Lernen beginnen		decrease in price
expenditure Lernen beginnen		the total amount of money that a government or person spends
defer Lernen beginnen		to delay something
Proportional Lernen beginnen		when two things change at the same rate so that the relationship between them does not change
Marginal return Lernen beginnen		is the rate of return for a marginal increase in investment
optimum Lernen beginnen		the best
engage Lernen beginnen		to interest someone in something and keep them involved
unique Lernen beginnen		special in some way
empirical Lernen beginnen		based on what is experienced or seen rather than on theory
fraction Lernen beginnen		a small part of something
hundredfold Lernen beginnen		a hundred times as big or as much
prohibition Lernen beginnen		not allowing something
levy Lernen beginnen		an amount of money(tax) that you have to pay to a government
circulation Lernen beginnen		the process in which something is passed from one person to another
alternative Lernen beginnen		plan that you can use if the first plan is a failure
implicitly Lernen beginnen		in a way that is suggested but not communicated directly
divisible Lernen beginnen		that can be divided
higgling Lernen beginnen		discrimination
inquire Lernen beginnen		to ask for information
demand curve Lernen beginnen		is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
uniform Lernen beginnen		the same
reciprocal Lernen beginnen		behave in the same way or agree to help each other
returns to scale Lernen beginnen		describe what happens to long run returns as the scale of production increases, when all input levels including physical capital usage are variable
consistent Lernen beginnen		always behaving in the same way(positive)
inconsistent Lernen beginnen		not always behaving in the same way(not positive)
determinant Lernen beginnen		something that controls or affects what happens in a particular situation
unambitious Lernen beginnen		expressed in a way that makes it completely clear
repetitive Lernen beginnen		doing the same thing several times
correlation Lernen beginnen		a connection between two or more facts
initial Lernen beginnen		of or at the beginning
undertake Lernen beginnen		to begin doing something difficult
handful Lernen beginnen		a small number of things
patronage Lernen beginnen		the power of a person to give someone an position
goodwill Lernen beginnen		part of a company's value that includes things that cannot be directly measured
variance Lernen beginnen		the fact that two or more things are different
wholly Lernen beginnen		completely
fraction Lernen beginnen		the result from dividing thing by another
sheer Lernen beginnen		used to show how important a quality is
vanish Lernen beginnen		disapear
ceteris paribus Lernen beginnen		if everything else remains the same; other things being equal
pooling Lernen beginnen		the act of combining two things
in perpetuity Lernen beginnen		forever
remunerate Lernen beginnen		to pay someone for work or services
interest rate Lernen beginnen		is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed
obsolete Lernen beginnen		not in use any more
supply Lernen beginnen		to provide something that is wanted or needed
demand Lernen beginnen		to need something
dimention Lernen beginnen		a measurement of something in a particular direction
broker Lernen beginnen		a person who buys and sells foreign money
seldom Lernen beginnen		almost never
binomial Lernen beginnen		an expression that has two terms that are not the same
summarize Lernen beginnen		to express the most important facts
indicate Lernen beginnen		to show the point
incentive Lernen beginnen		something that encourages a person to do something
latter Lernen beginnen		near the end
exaggerated Lernen beginnen		seeming to be more important
comprehensible Lernen beginnen		able to be understood
assimilation Lernen beginnen		the process of becoming a part of something
elaborate Lernen beginnen		containing a lot of careful detail or many detailed parts
shoddy Lernen beginnen		badly and carelessly made
magniture Lernen beginnen		the large size or importance of something
studiously Lernen beginnen		in a way that is very careful and intentional
economise Lernen beginnen		to try to save money by reducing the amount that you are spending

The economics of information

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