Economic Test Review

6. Task performance
9. the total value of all goods and services produced in a country in a year
11. The total amount of money the government owes
13. and beliefs help shape the goods and services the economy produces, as well as the rule and manner of their distribution
14. difference between a need and want
15. less of everything, more unemployment
17. long term shortage of resources
21. People must purchase on their own wherever available
22. economic system combining private and public enterprise
23. statistics used to measure how well the economy is doing
24. Amount of money left over after a business paid the cost of producing its goods and services
25. Have unlimited

1. the number of people who are able to work but don't have a job for a given period of time
2. provided by government
3. A general increase in the cost of goods and services
4. to improve create new goods and services
5. where the supply of goods matches demand
7. number of jobs, level of income, and specific industries
8. begins in one country and ends in another
10. renewable- non-renewable
12. physical properties
16. Knowledge, skills, strengths
18. things used to produce goods and services
19. Intense competition
20. Gov provides jobs, houses, and healthcare