Economics Final

4. money spent by officials
5. the loss of potential gain from other alternatives when one is chosen
7. the current president of the US
9. mandatory payment to the government to cover costs of general government
10. the amount of $ a lender or financial institution recieves for lending $
11. the amount of goods/services that are available to buy vs the amount people want to buy
14. the way one thing changes in a given environment in response to another variable that has changed value
15. where investors buy/sell shares of companies
18. an economic/political system where property, business
19. how to produce, what to produce, for who to produce it

1. using borrowed $ with the agreement of paying it back
2. when $ is given to another party in exchange for repayment of the loan principal amount and interest on top
3. an event caused by the stock market crashing, lasted from 1929-1941
6. the rate of increase in prices over a given period of time
8. a spending plan based on income and expenses
12. method used by companies to adjust prices based on demand
13. Land, Labor, Capital
16. form of payment, can be physical/digital
17. a measurement of how much $ is earned vs amount spent
18. the ability of someone to buy things/use money before paying, " " score