Economics Review

6. When there is only a certain number of a supply
9. the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
13. A person, company, or country that makes, grows, or supplies goods or commodities for sale
14. A situation in which quantity demanded is greater than quantity supplied
15. The amount of goods available
16. A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.
18. unemployment that occurs when people take time to find a job
20. A limit placed on the quantities of a product that can be imported
21. A business in which two or more persons combine their assets and skills
23. the additional benefit to a consumer from consuming one more unit of a good or service
24. Land, labor, and capital; the three groups of resources that are used to make all goods and services
25. unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one

1. the most desirable alternative given up as the result of a decision
2. A person who purchases goods and services for personal use
3. A tax on imported goods
4. A business owned by stockholders who share in its profits but are not personally responsible for its debts
5. the desire to own something and the ability to pay for it
7. A business owned by one person
8. unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season
10. safety
11. the cost of producing one more unit of a good
12. A situation in which quantity supplied is greater than quantity demanded
17. a state in which opposing forces or influences are balanced.
19. an official ban on trade or other commercial activity with a particular country.
22. money for investment