Economics & Housing

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

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

 The value of the next best alternative given up is 

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

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

Economics is the study of how societies...

Earnings after all costs of production have been paid

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

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

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

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

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

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

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

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

The US Government reduces economic inequality by

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

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

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

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

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

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

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

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

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

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

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

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

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