An item that is rare and hard to find

Limited quantity of resources

Items that are in abundance

Items that are slightly less than abundance

A German state

A place where you put your business

The work force

Another name for a country

Physical object that one can purchase

Action one does for another

Something that benefits people

Something that is malicious for people

When there is a less than desirable quantity of resources

When producers can’t or will not offer goods and services at current prices

When there is scarcity

When there is too much of a good

using resources to make the greatest number of goods without waste

using resources quickly

using resources to make the least number of goods without waste

using resources to make the greatest number of goods with the most waste

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philosopher that wrote Das Kapital

philosopher that wrote The Republic

philosopher that wrote Wealth of Nations

philosopher that wrote Capital in the 21st century

an arrangement that allows buyers and sellers to exchange things for what people need and want

country’s ability to produce more of a given product than can another country

economic system in which government owns some factors of production and has a role in determining what and how goods are produced

explanation stating that the supply and demand for a worker’s skills and services determine the wage or salary

Producers and financers

Consumers and banks

Business and individuals

Regulators and financers

Literal fairness

Regulate all

Let them do as they please

Regulate some

When you're interested in one's self

working for one's own personal gain

When you explain your interests

The interest in one's self

power of consumer in market

Where the people have sovereignty in a country

Where business control the market

Deciding to open a business

1st

3rd

6th

5th

stifle competition

Encourage innovation

Allow businesses to pollute

Infringe on consumer sovereignty

Net production of a company

Net production of a household

Measurement of total goods/services produced in a year

Loss a country makes in a year

price and quantity supplied of a good are directly related to each other.

That consumers will demand products

That businesses will demand better policies for themselves

consumers buy more when prices are cheaper

change in quantity demanded because a change in price alters consumer's income

Income will have no effect on demand

Demand effects income

Supply effects income

the higher the price of a good, the fewer people will demand that good

That businesses will always produce more

price and quantity supplied of a good are directly related to each other.

Consumers will not be effected by supply

Costs that always change

Costs that sometimes change

Costs that have no change

Costs that have maximum change

The side of a river

Institution that holds valuable property

Institution that creates money

an institution for receiving, keeping, and lending money

Bank named after a country

Most popular bank in a country

Only bank responsible for lending

a bank chartered by the national government

anything that serves as a medium of exchange, a unit of account, and a store of value

Only greenbacks

Only used as a store of value

Only used as a unit of account

The current value of money

coins and paper bills used as money

The current exchange rate of money

The current stock of money in a country

money by government decree; has no alternative value or use as a commodity

objects that have value because the holder can exchange them for something else of value

money that has an alternative use as an economic good; gunpowder, flour, corn, etc

paper currency issued by the Fed that eventually replaced all other types of federal currency

certificate of ownership in a corporation; can be either common or preferred stock

physical place where buyers and sellers meet to exchange securities

change in overall spending caused by a change in investment spending

company that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companies

Federal and state deposit insurance

Soundness of American economy

Their shareholders

Their depositors

Looking out for one's own self

Looking out for other's behalf

is payment from a borrower or deposit-taking financial institution to a lender or depositor

The original loan amount

is payment from a borrower or deposit-taking financial institution to a lender or depositor

The total loan repaid

The amount paid to the central government

Refers to the amount of money you deposit in your account to begin saving

market structure having all conditions of pure competition except for identical products; a form of imperfect competition

market structure in which a few large sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition

market structure characterized by a single producer; form of imperfect competition

a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit

a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit

a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit

market structure in which a few large sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition

market structure characterized by a single producer; form of imperfect competition

a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit

market structure having all conditions of pure competition except for identical products; a form of imperfect competition

market structure in which a few large sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition

market structure characterized by a single producer; form of imperfect competition

a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit

market structure having all conditions of pure competition except for identical products; a form of imperfect competition

market structure in which a few large sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition

market structure characterized by a single producer; form of imperfect competition

unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States

unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm

business investment that involves renting or leasing another successful business model

form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued

unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States

unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm

business investment that involves renting or leasing another successful business model

form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued

unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States

unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm

business investment that involves renting or leasing another successful business model

form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued

unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States

unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm

business investment that involves renting or leasing another successful business model

form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued

Yes

No

No

No