the nature of the economy

1. The branch of economics that focuses on actions of particular agents within the economy, like households, workers, and business firms.
3. the control of the quantity of money available in an economy and the channels by which new money is supplied.
5. bring (goods or services) into a country from abroad for sale.
8. a person who purchases goods and services for personal use.
10. an area or arena in which commercial dealings are conducted.
11. the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
14. the process by which businesses or other organizations develop international influence or start operating on an international scale.
15. a cycle or series of cycles of economic expansion and contraction.

1. when the supply of goods matches demand.
2. Measures cost by what is given up in exchange; opportunity cost measures the value of the forgone alternative.
4. The trend in which buying and selling in markets have increasingly crossed national borders.
6. the state of a country or region in terms of the production and consumption of goods and services and the supply of money.
7. The branch of economics that focuses on broad issues such as growth, unemployment, inflation, and trade balance.
9. send (goods or services) to another country for sale.
12. When human wants for goods and services exceed the available supply.
13. if more people want to buy something, given a limited supply, the price of that thing will be bid higher.