Land, labor, capital and entrepreneurship are the four factors of
Demand can be increased by a change in consumer _____, which can be done using endorsements
One of the safest type of investment is in a US Treasury____
The federal government owes over a trillion dollars. This is called the national ____
Federal Reserve's loose money policy can cause this
One of the riskiest type of investment is a ____bond
Government spending in excess of revenues
When one producer dominates a market
Interest rate banks give their best customers
The infrastructure (public goods needed to support the population) would include
Impact of increased government borrowing on the private sector is called "crowding ____"
Type of good whose value is related to the use of another good
The decline in the additional satisfaction one receives from additional quantities of a product is called the law of diminishing _____
Form of business organization which creates a separate legal entity
When two firms which make the same product is a vertical _____
The effect which occurs when the Federal Reserve buys securities
The demand curve slopes down and to the____
Type of inflation caused when all sectors of the economy are trying to buy more goods than the economy can produce is called demand_____
Type of tax in which everyone pay an equal percentage of the income
The policy by Congress can sometimes conflict with monetary policy
The ability to produce more of a good as prices increase
When one makes a decision, what they gain is called opportunity _____
A type of organization which is involved in economic activity in order to benefit its members
Products which are collectively produced for the use of everyone is called a public _____
A copyright is an exclusive right of authors or artists to publish, sell, or reproduce their work for a lifetime plus ____ years
Costs which remain the same as production increases
An oligopoly is when a ____ companies dominate a market
Developed the concept of the "invisible hand"
Voluntary exchange is part of a ____ enterprise system
The federal government takes a census every____ years