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微观经济学名词解释

Chapter

1

business

fluctuations in economic activity, such as employment and

cycle 经

production

济周期

economi

cs经济学;

the study of how society manages its scarce缺乏的,罕见的

经济,国家

resources

的经济状

efficienc

yn.功效;

效率,效

the property of society getting the most it can from its scarce

能; 实力,

resources

能力;

[物] 性

能;

equalityn

.同等,平

the property of distributing economic prosperity uniformly

等; [数]

among the members of society

相等,等

式;

externalit

y[,ekst??

the uncompensated impact of one person’s actions on the

\'n?l?t?]外well-being of a bystander旁观者; 局外人; 看热闹的人

部性

incentive something that induces a person to act

Inflation

[?n\'fle??

an increase in the overall level of prices in the economy

(?)n]

marginal

small incremental增加的 adjustments to a plan of action

changes

market an economy that allocates resources through the

decentralized 权力分散; 人口疏散; 密度分散;decisions of

economy

many firms and households as they interact in markets for

goods and services

market

failure

market

power

a situation in which a market left on its own fails to allocate分

配,分派; 把…拨给;英[??l?ke?t] resources efficiently

the ability of a single economic actor (or small group of actors)

to have a substantial influence on market prices

opportun

whatever must be given up to obtain some item

ity cost

productithe quantity of goods and services produced from each unit of

vity labor input

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局外人,分散,人口,疏散,经济学,经济,微观,国家