Great Depression was caused by__________ in the stock market
Arbitration is when a _____ party that listens to both sides and then imposes a legal binding decision
the economic The Economic theory which describes the incentives which free markets sometimes create for self-interested people to act unintentionally in the public interest was written by Adam _____
A regressive tax places a greater burden on this group
laborers who work primarily with their hands because they lack job training are considered __skilled
Mediation is when a third party to meet with each side and propose a ____-binding solution
a company authorized to act as a single entity (legally a person) and recognized as such in law
Used to trade for other goods without the use of money
A franchise is a contract that gives ___clusive rights to sell a product in a given area
When the government removes many of these rules and allow a market become more competitive it is called __regulation
______index is measured by adding the inflation rate to the unemployment rate
Human effort/a factor of production
Fertility rate is one of three determinants of population growth. The other two are the death rate and _______ immigration
a product or service for which demand decreases as a consumer's income increases
The supply for works or art would be considered __elastic
Unemployment caused by innovative production processes
Consumer sovereignty is when consumers have the power to decide what ____produced
Money made out of precious metals such as silver or gold
____ ethic is a strong commitment to the value of hard work
Where two or more firms which compete in the same market and make similar goods combine it is called a ____ merger.
a _____-and-desist order requires someone to stop an unfair practices
An economy which relies on habit, custom and ritual to produce goods
money that has intrinsic value, meaning that it has value even if it is not used as money
the expense of creating one more item for sale is called marginal ____
A situation where the amount of capital per worker in an economy increases is capital deepen___
The Federal Reserve Banks oversees _____ policy
A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive
All coins are made by the US _______
Street where are the majority of stocks in the United States are traded
A company that sells stock in itself to individual investors is called ____ the counter
The Great Depression took place in this decade
A professional is a
worker with knowledge-based education and managerial
____
Part of the US Government whose primary purpose is to enforce the law against market manipulation is called the Securities Exchange Commission, or the ___