Wikipedia:Stanford Archive answers/Economics

1. Hicks decomposition, Hicksian decomposition, Hicksian decomposition of demand -> concept in economics. See Slutsky equation and Hicksian demand function
2. Lucas wedge < Aggregate amount of loss in output for economy, resulting from slowdown in growth rate of real gross domestic product
3. Gains from production, Gains from specialization -> This is the term for the benefits that occur due to the shift in supply after trade takes place [1]
4. Davis-Moore thesis -> Theory that says job positions near the top require more investment in time, money, and education and therefore should have higher rewards.
5. Product approach (Production approach), income approach, and expenditure approach -> three ways of measuring Gross Domestic Product
6. Regressive -> A tax system that charges a greater proportion of one's income as one becomes poorer. Ofter misuses to describe a flat tax. [2]
7. Welfare Loss triangle, Welfare Gain triangle, Welfare Benefit triangle, Welfare triangle < a triangle representing the net welfare benefit or loss from a policy or other change
8. Flight from cash < moving wealth from cash into interest-bearing assets; either because of expectations of price increases or a fall in interest rates
9. Adverse selection inefficiency -> economics
10. Prepaid asset and Deferred asset -> expenditures for future costs or expenses, such as incurance, interest, or rent that are set up as assets to be amortized over an applicable period. (that's the definition from NYSE.com, by the way, so don't use those exact words when writing an article)
11. Fundamental class process -> in Marxian economics, the process by which workers transfer surplus product to capitalists
12. Birge-Sponer plot, Birge-Sponer extrapolation -> Physical Chemistry method for calculating dissocation limits
13. Reciprocal exchange -> an group formed so that its members can participate in reciprocal insurance. See Reciprocal inter-insurance exchange
14. Life cycle model -> This model explains personal savings as an attempt to maintain constant consumption levels, despite fluctuations in income.