The movement, either upward or downward, of economic activity in a nation is called _________ ?

A command economy is centrally controlled by who?

"Wealth of Nations" was written by ____________ ?

Today, most economies are said to be _________ economies.

When the average price of goods rises over time, it is called ___________ .

The two types of inflation are called ?

The _______ is how many jobs were created or lost during the past month.

Which one is NOT one of the four economic systems?

The _______ economy is based on the writings of the philosopher and economist Karl Marx.

Adam Smith supported the idea of ______ _______ , meaning the government should not interfere with trade between individuals.

What are some of the ways the government regulates in a mixed economy? Select all that apply.

Gross Domestic Product (GDP) measures the value of _______ and ______ produced by a country in one year.

True or False: Gross Domestic Product (GDP) includes imported goods (goods made in another country) in it's total.

True or False: Gross Domestic Product (GDP) measures both the intermediate goods and the final products.

Consumer Price Index (CPI) measures _____________.

True or False: A mother who quits her job to homeschool her children falls into the category of Frictional unemployment.

Which country is currently a command economy?

__________ is two or more quarters of substantial economic decline as measured by the GDP.

Which of the following are ways that the government is involved in our economy? Select all that apply.

The Fiscal Policy is...

_________________ require businesses to reveal product information to consumers and make sure advertisements are not misleading or deceptive.

Money set aside for specific purposes (like building a ship) is called ________________ .

Deficit is more _____________ than income.

_________________ are a means to help make the economy grow during tough times or recession.

The right of the government to take private property for public use with fair value compensation is called __________ ?

The Chevrolet symbol is protected by _________ ?

Professional photographers have to give their clients rights to access their photographs, otherwise they are unable to have them printed. This is due to ____________ laws.

You have invented a new product. What would you apply for to protect your invention from being copied by others?

A __________ is legally binding agreement between two or more parties. Examples include signing to rent an apartment, signing up for a cell phone service, or signing a check.

This type of business is owned and run by one person.

The owners of a corporation are called _____________ .

This type of business has unlimited life, meaning ownership can change without affecting the business itself.

Credit unions are examples of a __________________ .

Which of the following is an example of a franchise?