period of production that allows producers to change the amounts of all inputs is the ___ run
Unemployment which occurs when people are between jobs
a shared service for which it would be inefficient or impractical to have individuals pay for separately is a ____ good
factors that make it hard for new firms to enter a market and compete with existing ones are called barriers to _____
Taxes that place a heavier burden on the poor
selling goods illegally without regards for government controls on price or quality is a ____ market
Demand which does not react to a change in prices is considered __elastic
A good one uses when they cannot get their first choice
Adam ______
developed the concept of the invisible hand
Type of unemployment caused by automation
Contingent employment is ___ time work
One who organizes the factors of production and assumes the risk of business
The loss when a decision is made is called an opportunity ____
Taxes that require the wealthy to pay a greater percentage
A prices go up, supply goes _____
benefiting from an economic action which one is not directly a part of is a _____ externality
when two businesses that create similar products come together to form a new company it is called a ____ merger
A business which makes an illegal agreement to divide a market, ____prices or limit production is called collusion
Factor of production include natural resources not created by human hands
Prices above the equilibrium point create this
The sum of one’s skills, abilities, health, knowledge, and motivation is called ____ capital
people’s reliance on each other to provide goods and services is _____ dependence
Number of regional Federal Reserve Banks in the United States
workers whose jobs do not require special training or skills are considered _____ labor