Government and the Economy

4. the overall plan that maps out how much money the government expects to bring in and how much money it plans to spend.
5. IOUs sold to the people by the government to raise money.
6. this government agency was created in 1914 to carry out the powers of the clayton act, preventing companies from merging together if the merger will reduce competition.
8. when the government brings in more money than it spends
12. When one company controls an entire industry without any competition.
13. Economic system in which most goods and services are offered by private companies.
14. the number of consumers who want to buy something
16. laws that prohibit monopolies and other activity that reduces competition
17. the benefit you give up by choosing to do one thing instead of another.
18. taxes on goods from other countries.

1. a fee paid to those who lend money
2. the thing that motivates producers to make goods and consumers to buy goods.
3. when the government spends more money that it brings in
7. Economic system in which the government controls the production of most goods and services.
8. the amount of something that is available for purchase
9. the financial gain received by selling something for more than it costs to make it.
10. spending that is required by law
11. Producers battling over who can make the most profit.
12. Economic system that has some privately owned businesses and some government owned businesses.
15. spending that congress decides on each year.