Economics

3. reducing taxes makes more money available for private investment, thereby increasing productivity
6. intangible good produced for which people expect to pay
7. value of the best alternative that is foregone when a different alternative is taken
9. allows a country to produce those goods in which it has absolute or comparative advantage
11. advocates the stockpiling of gold and silver in the state's treasury
14. can seep into an economy without the majority of people realizing that their foundational freedoms are being dissolved away
15. used to determine how much of a good to buy or sell

1. large, complex organizations composed of appointed officials and numerous departments
2. advocates massive public spending during recession
4. mechanism that allows people to exchange goods
5. separates work to be performed into individualized tasks
8. based on public and governmental control of the production and distribution of nearly all national resources
10. the exclusive power of an independent state to rile and regulate internal affairs without foreign interference
12. regards the entire world as one giant community that should be unified politically and economically
13. commits resources to a purpose expected to provide future gain