Econ and the Global Economy

What is a restriction on the quantity or value of goods that can be imported?

The value of all final goods and services produced inside a country in a given period of time?

Period of economic downturn for a period of six months is?

What is it called when prices go down?

What is it called when prices go up?

Which is NOT a goal of an economy?

Which is NOT an economic indicator?

An economy where only individuals answer the three basic economic questions?

Which is a property of money?

Which country has a command economy today?

If the money supply increases more than production, too much $ for too few goods prices will?

NAFTA is a free trade between the USA, Canada, and

Which is the central bank of the USA?

Measures the cost of a basket of goods and services for an urban family?

What is the economic goal for an unemployment rate in the USA?

A country will have a _____ whenever the value of its exports exceeds the value of its imports?

When an economy is growing and economic indicators are positive it is called?

A country has a _____ whenever the value of its imports exceeds the value of its exports?

People decide which goods/services 2 use or not use due 2 limited resources and unlimited wants

Which is NOT a function of money?

Which is NOT a factor of production?

The low point in the business cycle is called

When there is an abundance of productivity and a low $ supply, prices go down causing?

Demand for a product is affected by price is called

Demand for gasoline would be considered?