Thomas - Puzzle

7. What is the basic problem in economics?
9. Which two resources do economists consider limited, and therefore scarce?
10. In American society we try to align our economic values with our _____________ .
11. What was the first U.S. monopoly to encourage national actions to control or eliminate monopolies and trusts?
12. According to the Law of Demand, what factor has the greatest impact on "quantity demanded"?
15. Define corporate income tax.
18. Which type of economic system is the most common in the world?
20. According to the "Law of Supply", as the price of a product increases, the quantity supplied will...
21. What is the greatest cost of taking on credit?
22. The two main goals of the US Federal Reserve is to...
24. What is a surplus?
25. Why might someone choose to invest in Bonds instead of Stocks?

1. Which of the five statistical measures of the economy is the broadest measure of economic growth?
2. What was the most significant period of negative GDP growth in U.S. History?
3. Social Security Payments go to which Americans?
4. What is the primary responsibility of consumers in our economy?
5. The cycle of ups and downs in the economy is known as...
6. In the United States, in which factor of production do we have an advantage? In which do we have a disadvantage?
8. The most recent, major economic downturn in U.S. History is known as...
13. In a perfect market, which factors impact price?
14. What type of financial institution is likely to offer you the best interest rate?
16. What exactly is aggregate demand?
17. What is the main goal of most investors and businessmen?
19. What is the TOTAL of all of the money earned within the United States called?
23. Which of the following has the lowest risk but also the lowest reward?