Macroeconomics ch2

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Key principales of economics

Last updated 6:22 PM on 9/1/26
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10 Terms

1
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4 ways/strategies to make money

  1. take risks

  2. cheat

  3. dumb luck

  4. working harder/ being smarter than others


2
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what percent of the US pop. has stock market ownership

55%

3
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why are so many Americans willing to invest in stock market?

  1. ppl in US more willing to take risks

  2. don’t want others to have an advantage


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silicon valley bank went bankrupt, What happened?

  1. Rising interest rates, as interest rates rose the market value of fixed security’s dropped

  2. Uninsured deposits


5
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want growth what must you give up?

safety

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scarcity — trade offs

  • every decision no mater how obvious involves trade offs

  • job of economists is to point out the trade offs

  • we live in the world of limited resources


7
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opportunity cost

what you sacrifice to get something

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Principle of opportunity cost

the opportunity cost of something is what you sacrifice to get it

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10
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