Economics Review

2. the most desirable alternative given up as the result of a decision
3. a business owned by stockholders who share in its profits but are not personally responsible for its debts
6. land, labor, capital, entrepreneurship
8. quantity supplied is greater that quantity demanded
9. limited quantities of resources to meet unlimited wants
14. a market in which there are many buyers but only one seller
15. the quantity of a good or service that consumers are willing and able to buy
17. a tax on imported goods
19. quantity demanded is greater than quantity supplied
20. official money used by a government
22. a legal maximum on the price at which a good can be sold
23. a limit placed on the quantities of a product that can be imported
24. the quantity of something that producers have available for sale
25. a legal minimum on the price at which a good can be sold

1. a business owned and controlled by one person
4. a few seller sale similar products
5. the quantity of money available in the economy
7. two or more good that satisfy a similar need
10. an official ban on trade or other commercial activity with a particular country
11. government policy that attempts to manage the economy by controlling the money supply and thus interest rates
12. a business in which two or more persons combine their assets and skills
13. the central banking system of the United States
16. quantity supplied equals quantity demand
18. the additional benefit to a consumer from consuming one more unit of a good or service
21. a state in which opposing forces or influences are balanced.