Economics

3. amount of physical, mental, and social effort used to produce goods and services in an economy
8. industry that handles cash, credit, and other financial transactions
9. imports exceed exports
10. Social science that analyzes and describes the consequences of choices made concerning scarce productive resources
12. accounting of a country's international transactions for a particular time period
14. exports of a nation outweigh its imports
16. economic growth and economic freedom, advocating laissez-faire ideas and belief in free competition
19. study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.
20. strategic behavior of firms, regulatory policy, antitrust policy and market competition
21. items that satisfy human wants and provide utility

1. decline of purchasing power of a given currency
2. increase in the production of economic goods and services
4. policy of protecting domestic industries against foreign competition
5. nontangible things provided to customers
6. exchange of goods and services between countries
7. study of the role of the government in the economy
11. unemployed and looking for a job
13. total amount of money in circulation
15. how an economy functions on a large scale
17. governments used their economies to augment state power at the expense of other countries
18. study of how the allocation of resources and goods affects social welfare