Econ Final Exam

4. money paid to businesses.
5. an increase in prices in general.
7. mutual funds that invest your money in low-risk investments that earn little interest.
9. a fund that purchases stock in a specific area of the world.
11. the sum of all persons 16 years old and older who are either employed or actively seeking employment.
13. a maximum price for a product.
15. someone who analyzes financial data to try to invest your money wisely.
16. the use of one good increases the use of another good.
17. a "shrinking" economy producing fewer goods and services than before.
19. a mutual fund that invest primarily in stock and are high risk.
21. recession and inflation together.
22. a minimum price for a product.
24. the tax where most of the government's revenue comes from.
25. a transaction where no item is traded but rather labor or something similar.
26. the annual plan outlining proposed revenues and expenditures for the coming years.
27. a list of prices and quantities demanded.
28. more money spent than brought in.

1. a product that can be used in place of another product.
2. more money brought in than spent.
3. private individuals make most important economic decisions.
6. decreasing the money supply.
8. the percentage of individuals 16 years old or older who want a job but do not have a job.
10. a collection of stocks or bonds rather than an individual stock or bond.
12. increasing the money supply.
14. an item that satisfies a person's wants or needs.
18. a risk taker in search of profits who does something new with existing resources.
20. people are free to engage in market transactions as they see fit.
23. a central government makes most or all important economic decisions.