economics review

2. a tax or duty to be paid on a particular class of imports or exports.
4. a fixed share of something that a person or group is entitled to receive or is bound to contribute.
5. conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders.
6. the most important city or town of a country or region, usually its seat of government and administrative center.
7. Individual who takes a risk in order to find profit, create jobs, and improve society
9. the additional benefit arising from a unit increase in a particular activity.
10. cost to produce one additional unit of production
12. the state of being scarce or in short supply; shortage.
13. unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
14. a state or situation in which something needed cannot be obtained in sufficient amounts.
15. the loss of potential gain from other alternatives when one alternative is chosen.

1. unemployed at particular times of the year when demand for labor is lower than usual.
3. the unemployment which exists in any economy due to people being in the process of moving from one job to another.
8. a state of balance between opposing forces or actions.
11. an amount of something left over when requirements have been met; an excess of production or supply over demand.