1、MBA 专业术语这些都是很有用的术语！但是，可能不太实用！写论文的时候有用哦！呵呵/ Ability-to-pay principle 能力纳税原则 The idea that taxes should be levied on a person according to how well that person can shoulder the burden Absolute advantage 绝对优势 The comparison among producers of a good according to their productivity Aggregate-demand curv
2、e 总需求曲线 A curve that shows the quantity of goods and services that households, firms, and the government want to buy at any price level Aggregate-supply curve 总供给曲线 A curve that shows the quantity of goods and services that firms choose to produce and sell at any level Appreciation 升值 An increase in
3、 the value of a currency as measured by the amount of foreign currency it can buy Automatic stabilizers 自动稳定器 Changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action Average fixed cost 平均固定成本 Fixed cost
4、s divided by the quantity of output Average revenue 平均收益 Total revenue divided by the quantity sold Average tax rate 平均税率 Total taxes paid divided by total income Average total cost 平均总成本 Total cost divided by the quantity of output Average variable cost 平均可变成本 Variables costs divided by the quantit
5、y of output Accelerator 加速数 the effect on GDP of the increase in investment that results from an increase in output. For instance, the greater output leads a firm to believe that the demand for its products will rise in the future; the resulting increase in investment leads to growth in output and s
6、till further increases in investment, accelerating the expansion of the economy Acquired endowments 后天禀赋 resources a country builds for itself, like a network of roads or an educated population Adaptive expectations 适应性预期 expectations based on the extrapolation of events in the recent past into the
7、future aggregate expenditures schedule 总支出曲线 a curve that traces out the relationship between expenditures-the sum of consumption, investment, government expenditures, and net exports-and the national income, at a fixed price level antitrust laws 反托拉斯法 laws that discourage monopoly and restrictive p
8、ractices and encourage greater competition arbitrage 套利 the process by which assets with comparable risk, liquidity, and tax treatment are priced to yield comparable expected returns adverse selection 逆向选择 principle that says that those who most want to buy insurance tend to be those most at risk, b
9、ut charging a high price for insurance (to cover the high risk)will discourage those at less risk from buying insurance at all asset 资产 any item that is long-lived, purchased for the service it renders over its life and for what one will receive when one sells it assistance in kind 实物援助 public assis
10、tance that provides particular goods and services, like food or medical care, rather than cash asymmetric information 信息不对称 a situation in which the parties to a transaction have different information, as when the seller or a used car has more information about its quality then the buyer autonomous
11、consumption 自主消费 that part of consumption that does not depend on income average costs 平均成本 the total costs divided by the total output average productivity 平均产量 total quantity divided by the total quantity of input Benefits principle 受益原则 The idea that people should pay taxes based on the benefits
12、they receive from government services Bond 债券 A certificate of indebtedness Budget constraint 预算约束 The limit on the consumption bundles that a consumer can afford Budget deficit 预算赤字 An excess of government spending over government receipts Budget surplus 预算盈余 An excess of government receipts over g
13、overnment spendin barriers to entry 进入障碍 factors that prevent firms from entering a market, such as government rules or patentsbasic competitive model 基本竞争模型 the model of the economy that pulls together the assumptions of self-interested consumers, profit maximizing firms, and perfectly competitive
14、markets bequest savings motive 储蓄的遗产动机 people save so that they can leave an inheritance to their children Bertrand competition 伯特兰竞争 an oligopoly in which each firm believes that its rivals are committed to keeping their prices fixed and that customers can be lured away by offering lower prices bil
15、ateral trade 双边贸易 trade between two parties boom 繁荣 a period of time when resources are being fully used and GDP is growing steadilyCapital 资本 The equipment and structures used to produce goods and services Capital flight 资本外流 A large and sudden reduction in the demand for assets located in a countr
16、y Cartel 卡特尔 A group of firms acting in unison Catch-up effect 追赶效应 The property that countries that start off poor tend to grow more rapidly than countries that start off rich Central bank 中央银行 An institution designed to oversee the banking system and regulate the quantity of money in the economyCe
17、teris paribus 其它条件相同 A Latin phrase, translated as other things being equal, used as a reminder that all variables other than the ones being studied are assumed to be constant Circular-flow diagram 循环流向图 A visual model of the economy that shows how dollars flow through markets among households and f
18、irms Classical dichotomy 古典二分法 The theoretical separation of nominal and real variables Closed economy 封闭经济 An economy that does not interact with other economies in the world Coase theorem 科斯定理 The proposition that if private parties can bargain without cost over the allocation of resources, they c
19、an solve the problem of externalities on their ownCollective bargaining 集体谈判 The process by which unions and firms agree on the terms of employment Collusion 勾结 An agreement among firms in a market about quantities to produce or prices to charge Commodity money 商品货币 Money that takes the form of a co
20、mmodity with intrinsic value Common resources 共有资源 Goods that are rival but not excludable Comparable worth 同工同酬 A doctrine according to which jobs deemed comparable should be paid the same wageComparative advantage 比较优势 The comparison among producers of a good according to their opportunity cost Co
21、mpensating wage differential 补偿性工资差别 A difference in wages that arises to offset the nonmonetary characteristics of different jobs Competitive market 竞争市场 A market with many buyers and sellers trading identical products so that each buyer and seller is a price taker Complements 互补品 Two goods for whi
22、ch an increase in the price of one good leads to a decrease in the demand for the other good Constant returns to scale 规模收益不变 The property that long-run average total cost stays the same as the quantity of output changesConsumer price index 消费物价指数 A measure of the overall cost of the goods and servi
23、ces bought by a typical consumer Consumer surplus 消费者剩余 A buyers willingness to pay minus the amount the buyer actually pays Consumption 消费 Spending by households on goods and services, with the exception of purchases of new housing Cost 成本 The value of everything a seller must give up to produce a
24、good Cost-benefit analysis 成本收益分析 A study that compares the costs and benefits to society of providing a public good Crowding-out effect 挤出效应 The offset in aggregate demand that results when expansionary fiscal policy raises the interest rate and thereby reduces investment spending Currency 通货 The p
25、aper bills and coins in the hands of the public Cyclical unemployment 周期性失业 The deviation of unemployment from its natural rate capital gain 资本增值 the increase in the value of an asset between the time it is purchased and the time it is sold capital market 资本市场 the market in which savings are made av
26、ailable to investors categorical assistance 分类帮助 public assistance aimed at a particular category of people, like the elderly or the disabled causation 因果关系 relationship that results when an change in one variable is not only correlated with but actually causes the change in another one central plan
27、ning 中央计划 the system in which central government bureaucrats (as opposed to private entrepreneurs or even local government bureaucrats) determine what will be produced an how it will be produced centralization 集权 organizational structure in which decision making is concentrated at the top centrally
28、planned economy 中央计划经济 an economy in which most decisions about resource allocation are made by the central government certificate of deposit (CD) 存单 account in which money is deposited for a preset length of time, that must yield a slightly higher return to compensate for the reduced liquidity circ
29、ular flow 循环流程 how funds move through the capital, labor, and product markets between households, firms, the government, and the foreign sector classical economists 古典经济学家 economists prevalent before the Great Depression who believed that the basic competitive model provided a good description of th
30、e economy and that if short periods of unemployment did occur, market forces would quickly restore the economy to full employment classical unemployment 古典失业 unemployment that results from too-high real wages; it occurs in the supply constrained equilibrium, so that rightwards shifts in aggregate su
31、pply reduce the level of unemployment competitive equilibrium price 竞争性均衡价格 the price at which the quantity supplied and the quantity demanded are equal to each other consumer protection legislation 消费者保护法 laws aimed at protecting consumers, for instance by assuring that consumers have more complete
32、 information about items they are considering buying consumer sovereignty 消费者权益 the principle that holds that each individual is the best judge of what makes him better off consumption function 消费函数 the relationship between disposable income and consumption contingency clauses 应变条款 statements within
33、 a contract that make the level of payment or the work to be performed conditional upon various factors corporate income tax 公司所得税 a tax based on the income, or profit, received by a corporation correlation 相关 relationship that results when a change in one variable is consistently associated with a
34、change in another one cost-push inflation 成本推动型通货膨胀 inflation whose initial cause is a rise in production costs Cournot competition 古诺竞争 an oligopoly in which each firm believes that its rivals are committed to a certain level of production and that rivals will reduce their prices as needed to sell
35、that amount credentials competition 文凭竞争 the trend in which prospective workers acquire higher educational credentials, not so much because of anything they actually learn in the process but to convince potential employers to hire them by signaling that they will be more productive employees than th
36、ose with weaker credentials credit constraint effect 信贷约束效应 when prices fall, firms revenues also fall, but the money they owe creditors remains unchanged; as a result, firms have fewer funds of their own to invest. Because of credit rationing, firms cannot make up the difference; accordingly, inves
37、tment decreases credit rationing 信贷配给 credit is rationed when no lender is willing to make a loan to a borrower or the amount lenders are willing to lend to borrowers is limited, even if the borrower is willing to pay more than other borrowers of comparable risk who are getting loanscross subsidizat
38、ion 交叉补贴 the practice of charging higher prices to one group of consumers in order to subsidize lower prices for another group Deadweight loss 无谓损失 The reduction in total surplus that results from a tax Demand curve 需求曲线 A graph of the relationship between the price of a good and the quantity demand
39、ed Demand deposits 活期存款 Balances in bank accounts that depositors can access on demand by writing a check Demand schedule 需求表 A table that shows the relationship between the price of a good and the quantity demanded Depreciation 贬值 A decrease in the value of a currency as measured by the amount of f
40、oreign currency it can buy Depression 萧条 A severe recession Diminishing marginal product 边际产量递减 The property whereby the marginal product of an input declines as the quantity of the input increases The property that the marginal product of an input declines as the quantity of the input increases Dim
41、inishing returns 收益递减 The property that the benefit from an extra unit of an input declines as the quantity of the input increases Discount rate 贴现率 The interest rate on the loans that the Fed makes to banks Discouraged workers 丧失信心的工人 Individuals who would like to work but have given up looking for
42、 a job Discrimination 歧视 The offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics Diseconomies of scale 规模不经济 The property that long-run average total cost rises as the quantity of output increases Dominant stra
43、tegy 优势战略 A strategy that is best for a player in a game regardless of the strategies chosen by the other players debt 债务 capital, such as bonds and bank loans, supplied to a firm by lenders; the firm promises to repay the amount borrowed with interest decentralization 分权化 organizational structure i
44、n which many individuals or subunits can make decisions decision tree 决策树 a device for structured decision making that spells out the choices and possible consequences of alternative actions deficit spending 赤字支出 the situation that exists when government expenditures are greater than revenues deflat
45、ion 通货紧缩 a persistent decrease in the general level of prices demand-constrained equilibrium 受需求约束的平衡 the equilibrium that occurs when prices are stuck at a level above that at which aggregate demand equals aggregate supply at the current price leveldemand-pull inflation 需求拉动型通货膨胀 inflation whose in
46、itial cause is aggregate demand exceeding aggregate supply at the current price level demographic effects 人口效应 effects that arise from changes in characteristics of the population such as age, birthrates, and location deregulation 放松管制 the lifting of government regulations to allow the market to fun
47、ction more freely devaluation 贬值 a reduction in the rate of exchange between one currency and other currencies under a fixed exchange rate system developed countries 发达国家或工业化国家 the wealthiest nations in the world, including Western Europe, the United States, Canada, Japan, Australia, and New Zealand
48、diminishing marginal utility 边际效用递减 the principle that says that as an individual consumes more and more of a good, each successive unit increases her utility, or enjoyment, less and less dividends 股息 that portion of corporate profits paid out to shareholders downward rigidity of wages 工资下降刚性 the si
49、tuation that exists when wages do not fall quickly in response to a shift in the demand or supply curve for labor, resulting in an excess supply of labor dual economy 二元经济 the separation in many LDCs between an impoverished rural sector and an urban sector that has higher wages and more advanced technology duopoly 双头垄断 an industry with only two firmsdurable goods 耐用品 goods that provide a service over a number of years, such as cars, major appliances, and furniture dynamic consistency 动态一致性 a policy is said to have dynamic consistency when government announces a course of action and the
