{"id":433,"date":"2018-05-03T11:23:15","date_gmt":"2018-05-03T15:23:15","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/biggars\/?p=433"},"modified":"2018-05-05T12:36:39","modified_gmt":"2018-05-05T16:36:39","slug":"econ-6-1-vocab","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/biggars\/2018\/05\/03\/econ-6-1-vocab\/","title":{"rendered":"Econ 6.1 Vocab"},"content":{"rendered":"<p><strong><u>Chapter 6 Vocab<\/u><\/strong><\/p>\n<ol>\n<li>price: the value of a product determined by supply and demand<\/li>\n<li>signals: signs, hints<\/li>\n<li>neutral: not favoring producer or consumer<\/li>\n<li>consumption: use of a product<\/li>\n<li>compromises: when 2 sides agree to give up something they want to meet in the middle<\/li>\n<li>rationing: where government decides everyone&#8217;s &#8220;fair&#8221; share<\/li>\n<li>salary: amount of money made per year (fixed)<\/li>\n<li>incentive: reason to do something, inspiration<\/li>\n<li>motivation: wanting to work harder and succeed<\/li>\n<li>allocation: dividing up goods, time, or money<\/li>\n<li>inflation: the steady increase of prices<\/li>\n<li>rebate: partial refund of the original price of a product<\/li>\n<li>employees: workers<\/li>\n<li>network: a connected group of businesses who work together<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Chapter 6 Vocab price: the value of a product determined by supply and demand signals: signs, hints neutral: not favoring producer or consumer consumption: use of a product compromises: when 2 sides agree to give up something they want to meet in the middle rationing: where government decides everyone&#8217;s &#8220;fair&#8221; share salary: amount of money [&hellip;]<\/p>\n","protected":false},"author":2107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-433","post","type-post","status-publish","format-standard","hentry","category-econ"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/users\/2107"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/comments?post=433"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/media?parent=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/tags?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}