Define the following terms in an economic context.
Proficiency should be non-technical but to the degree that you could employ the word in an everyday conversation yet retain economic meaning.
Do Not Change the meaning of the terms.
Please retain numerical order.
Accounting Profit
Analytical Graph
Average Cost
Average Fixed Cost
Average Total Cost
Balance Sheet
Bond
Budget
Capital
Ceteris paribus
Complement
Consumer Surplus
Consumption
Cost
Cyclical
Deficit
Demand
Dependent Variable
Discount Factor
Discount Rate
Dow Jones Industrial Average
Economic Profit
Elastic
Endogenous
Equilibrium
Exchange Rate
Exchange Traded Fund
Exogenous
Explicit Costs
Federal Funds Rate
Federal Reserve System
Fiscal
Fixed Cost
Flow Variable
Future Value
Gross Domestic Product
Horizontal Axis
Implicit Cost
Income Effect
Independent Variable
Index Fund
Inelastic
Inflation
Interest rate
Investment
Labor
Marginal Cost
Marginal Revenue
NASDAQ Index
Nominal Variable
Normative Economics
Open Market Operations
Positive Economics
Present Value
Producer Surplus
Productivity
Quota
Real Variable
Salvage Value
Savings
Standard & Poors Index
Stock Variable
Substitute
Substitution Effect
Sunk Cost
Supply
Tariff
Time Series Graph
Total Cost
Total Fixed Cost
Total Variable Cost
Treasury Department
Variable Cost
Vertical Axis
Wage Rate
Adverse Selection
Moral Hazard
Externality
Pareto Efficiency
Rivalrous
Opportunity Cost