Econ Final

3. the medical insurance program for low income individuals
7. the money you are charged for borrowing money
9. a bank that can lend money to other banks in times of need
10. when inflation is higher than 4% a year
14. the type of unemployment caused by a change in season
15. A worth that can be expressed in dollars and cents
18. the limit of how many goods can be imported
19. the tax on imports to limit international trade
20. the type of unemployment that is caused by technological developments
21. decreased GPD or an high unemployment causes this
22. the point at which quantity supplied and quantity demanded are equal
23. a collection of stocks rather than an individual stock
25. the minimum price for a product
26. rules that businesses have to follow
28. The extra usefulness or additional satisfaction a person gets from acquiring or using one more unit of a product.

1. a graphic representation of a demand schedule
2. the 2 factors that impact a price in a perfect market
4. the largest source of the governments revenue
5. the study of how people try to satisfy seemingly unlimited wants through the careful use of relatively scarce resources
6. something that you would like to have
8. when quantity demanded is greater than the quantity supplied
9. The tools equipment, machinery, and factories used in the production of goods and services.
11. mutual funds that try to preform like the stock market in general
12. a requirement for survival
13. the people who are working or looking for work
14. when you have high inflation and high unemployment
16. when quantity demanded is less than the quantity supplied
17. An economics and political system in which a country’s trade and industry are controlled by private owners for profit
24. the annual plan outlining proposed revenues and expenditures for the coming year
27. the amount of product that would be offered for sale