MBA专业术语汇总AAbility-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 burdenAbsolute advantage 绝对优势The comparison among producers of a good according to their productivityAggregate-demand curve 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 levelAggregate-supply curve 总供给曲线A curve that shows the quantity of goods and services thatfirms choose to produce and sell at any levelAppreciation 升值An increase in the value of a currency as measured by the amount of foreign currency it can buyAutomatic 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 actionAverage fixed cost 平均固定成本Fixed costs divided by the quantity of outputAverage revenue 平均收益Total revenue divided by the quantity soldAverage tax rate 平均税率Total taxes paid divided by total incomeAverage total cost 平均总成本Total cost divided by the quantity of outputAverage variable cost 平均可变成本Variables costs divided by the quantity of outputAccelerator 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 still further increases in investment, accelerating the expansion of the economyAcquired endowments 后天禀赋resources a country builds for itself, like a network of roads or an educated populationAdaptive expectations 适应性预期expectations based on the extrapolation of events in the recent past into the futureaggregate 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 levelantitrust laws 反托拉斯法laws that discourage monopoly and restrictive practices and encourage greater competitionarbitrage 套利the process by which assets with comparable risk, liquidity, and tax treatment are priced to yield comparable expected returnsadverse selection 逆向选择principle that says that those who most want to buy insurance tend to be those most at risk, but charging a high price for insurance (to cover the high risk)will discourage those at less risk from buying insurance at allasset 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 itassistance in kind 实物援助public assistance that provides particular goods and services, like food or medical care, rather than cashasymmetric 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 hasmore information about its quality then the buyerautonomous consumption 自主消费that part of consumption that does not depend on incomeaverage costs 平均成本the total costs divided by the total outputaverage productivity 平均产量total quantity divided by the total quantity of inputBBenefits principle 受益原则The idea that people should pay taxes based on the benefits they receive from government servicesBond 债券A certificate of indebtednessBudget constraint 预算约束The limit on the consumption bundles that a consumer can affordBudget deficit 预算赤字An excess of government spending over government receiptsBudget surplus 预算盈余An excess of government receipts over government spendinbarriers to entry 进入障碍factors that prevent firms from entering a market, such as government rules or patentsbasic competitive model 差不多竞争模型the model of the economy that pulls together the assumptions of self-interested consumers, profitmaximizing firms, and perfectly competitive marketsbequest savings motive 储蓄的遗产动机people save so that they can leave an inheritance to their childrenBertrand 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 pricesbilateral trade 双边贸易trade between two partiesboom 繁荣a period of time when resources are being fully used and GDP is growing steadilyCCapital 资本The equipment and structures used to produce goods and servicesCapital flight 资本外流A large and sudden reduction in the demand for assets located in a countryCartel 卡特尔A group of firms acting in unisonCatch-up effect 追赶效应The property that countries that start off poor tend to grow more rapidly than countries that start off richCentral bank 中央银行An institution designed to oversee the banking system and regulate the quantity of money in the economyCeteris 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 constantCircular-flow diagram 循环流向图A visual model of the economy that shows how dollars flow through markets among households and firmsClassical dichotomy 古典二分法The theoretical separation of nominal and real variablesClosed economy 封闭经济An economy that does not interact with other economies in the worldCoase theorem 科斯定理The proposition that if private parties can bargain withoutcost over the allocation of resources, they can 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 employmentCollusion 勾结An agreement among firms in a market about quantities to produce or prices to chargeCommodity money 商品货币Money that takes the form of a commodity with intrinsic valueCommon resources 共有资源Goods that are rival but not excludableComparable 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 costCompensating wage differential 补偿性工资差不A difference in wages that arises to offset the nonmonetary characteristics of different jobsCompetitive market 竞争市场A market with many buyers and sellers trading identical products so that each buyer and seller is a price takerComplements 互补品Two goods for which an increase in the price of one good leads to a decrease in the demand for the other good。