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Factor Price Equalization

17,749 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

88%
  • 4:51 / 5:27

Speech Rate:

  • 174 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

transportation

/ˌtran(t)spərˈtāSH(ə)n/

noun

action of transporting person or thing or process of being transported.

returns

/rəˈtərn/

noun other verb

act of coming or going back to place or activity. Faulty or unwanted products sent back to a company. To hit something back to the other player or team.

countries

/ˈkəntrē/

noun other

particular land with own government. Areas of land that is controlled by a government.

services

/ˈsərvəs/

noun other verb

action of helping or doing work for someone. Maintenance of machineries so it runs well, e.g. cars. perform routine maintenance or repair work on.

consider

/kənˈsidər/

verb

think carefully about.

equalization
noun

Act of making equal or uniform.

extreme

/ikˈstrēm/

adjective noun

Farthest from a center. Effort that is thought more than is necessary.

perfect
adjective noun verb

So good it cannot be improved. perfect tense. To do something so well, it cannot be done better.

question

/ˈkwesCH(ə)n/

noun verb

sentence worded or expressed so as to elicit information. ask someone questions.

postulate
noun verb

thing postulated. suggest existence or truth of.

comparative

/kəmˈperədiv/

adjective noun

Expressing a difference in degree. Word form expressing a difference in degree.

specific

/spəˈsifik/

adjective noun

Concerning one particular thing or kind of thing. medicine or remedy effective in treating particular disease.

initially

/iˈniSH(ə)lē/

adverb

at first.

imagine

/iˈmajən/

verb

To think creatively about; form mental picture of.

trading

/ˈtrādiNG/

noun verb

action or activity of buying and selling goods and services. To buy, sell and exchange goods in business.

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