Economics final

1. Inside the production possibilities curve not using all resources fully
6. When people with larger incomes pay a higher percentage of their incomes in taxes
7. A determinant of supply
9. The demand line on a graph showing the increase and decrease of prices based on quantity demanded
12. The amount or number of a material
13. How much business is one to produce at different prices
18. Works by expanding the money supply faster than usual
21. The sum of all people aged 16 or above who are either employed or actively seeking employment
23. Consists of human-created assets
24. Limited in amount
25. How demand curves slope from left to right

2. A ___is a person who starts a new business.
3. The action of helping or doing work for
4. A determinant of demand
5. A government set maximum price for a product
8. The amount of money expected, required, or given in payment for something
10. A state in which opposing forces or influences are balanced
11. When people with lower incomes pay a higher percent of their incomes in taxes
14. When quantity demanded is greater than quantity supplied
15. Mandatory spending is simply all spending that does not take place through appropriations legislation
16. When quantity supplied is greater than quantity demanded
17. The exchange of goods and services
19. A tax on imports to limit international trade The action of buying and selling goods and services
20. A regular gathering of people for the purchase and sale of provisions
22. The factor of production that is workers