Economics Review

1. _________ interest rates should slow down demand in the economy
2. A piece of ownership in a corporation
4. Person involved in providing goods or services
6. Rise in prices because of too much money in the economy
7. most decisions are made by consumer sovereignty in this economy
8. Determines price
9. The nation's central bank
11. A partnership usually has ___ or more owners
12. Decisions in this economy are made by custom
15. A market economy needs healthy _______ to function well
18. Consumer ______ is when the the consumer rules or makes most economic decisions
19. Amount of money remaining after all the business expenses have been paid
21. North Korea has this type of economy
22. Collects U.S. income tax

1. When the economy is suffering from low demand and high unemployment
3. The ______ makes most of the decisions in a command economy
5. This type of business holds the most risk for its owner
7. The government,consumers, and producers make the decisions in this economy
8. Limited goods/resources
10. Someone who risks their money and time to start a business
13. A sole proprietorship is owned by _____ person or family
14. _______ interest rates should increase demand in the economy
15. Has limited liability for its owners
16. Large business which controls all or most of the supply of a particular good/service
17. Natural _____ are materials which come from the earth
20. Measure of all goods and services produced in the U.S.