Economics & Housing

Money may be held in a trust (for paying things like property taxes) in this....

term for when there is a period of prosperity in the economy.

A legal document explaining terms such as costs,restrictions, and length of stay on property

When apartment shopping, which of the following should be your least important consideration?

 The value of the next best alternative given up is 

During an economic expansion, people begin spending and employment ____________.

$ of a shirt goes up, # demanded goes down.•As the$ of shirt goes down, the # demanded goes up

The following are various fees paid by the buyeror seller at the time of purchase

A fee paid by condo/townhome owners to maintain facilities and grounds shared by residents.

Rivalry between one or more businesses that offer similar goods or services

The individual/company who is renting a space to a person to live in is the 

A type of loan taken out to purchase property is a(n) 

A person who is renting a space to live in from another person is considered the 

Term describing when a company has complete control over the good/service within the market

The red line in the top right corner, indicates a time of

Quantity of a good/service that producers are able & willing to make forsale at a given price.

 a major economic slowdown that lasts longer than a year  and is very serious. 

it is recommended that housing costs should not exceed  approximately___% of your grossincome

Economics is the study of how societies...

Earnings after all costs of production have been paid

Money, Time, Skills, Labor, Land, Technology, Entrepreneurship, Capital are examples of

A decline in the economy (6 mo-1 year) & consumers don’t spend $ and business profits go down 

The term that describes when the economy grows too quickly and the dollar is worth less

The concept that resources of a society are limited, but people’s wants are unlimited

The US Government reduces economic inequality by

The law of demand says when the price of a product goes down, demand for the product goes up

The quantity of a particular good or service that consumers are willing to buy at a givenprice.

•As $ of  shirt goes up, the # supplied goes up. As $ of shirt goes down, # supplied goes down.

The ability to produce more and better goods and services in faster, less expensive ways.