Econ (Chapter 8-13)

1. a work stoppage used to convince an employer to meet union demands
3. can be used like an ATM card or like a check
4. payments received in return for work
7. a contract issued by a corporation that promised to repay borrowed money
10. banks chartered by the national government
13. a business owned by two or more partners who agree on responsibilities
15. a decrease in the general price level
16. practice of distributing investments among different financial assets
18. size of labor for multiplied by the length of the workers
19. profit or loss made on an investment
20. a sustained rise in the general price level or fall in the purchasing power of money
21. the possibility for loss on an investment
22. the annual rate of return on a bond

1. periods during which prices rise at the same time that there is a slowdown in business activity
2. a share of ownership in a corporation
5. buys and sells securities for customers
6. the knowledge and skills that enable workers to be productive
8. organization of workers that seek to improve wages or work conditions
9. condition when a person's income and resources do not allow him or her to achieve a minimum standard of living
11. electronic device that allows banks customers to make transactions without seeing a bank officer
12. market value of all final goods and services produced within a nation in a given time period
14. government economic and social programs that provide assistance to the needy
15. part of a corporation's profit that is paid out to stockholders
16. an extended period of high unemployment and reduced business activity
17. a business that licenses the right to sell it products in a particular area