Saturday, September 17, 2011

..Check your knowledge..

A __ is a period of economic expansion or prosperity
In some countries your income determines your __ or social rank
An economic system with minimal government regulation, laissez-__
The GNP stands for __ National Product
A document stating right of ownership
The market price for goods or service
Material value expressed in terms of money
Use this to make sure your expenditures don't exceed your income
The average cost for basic necessities is called the cost of __
Net amount earned once costs are subtracted
Cash, assets, and property are considered __
A __ is when spending exceeds revenue
A ban on the import or export of items from a specific country
Some states and countries use a __ to raise funds
Lack of money to live acceptably
Total income of a company or individual
When goods exceed demand
Government assistance for the underprivileged
When a single company dominates a market it is called a __
He wrote The Wealth Of Nations
__ laws are meant to curb monopolies
To spread your investments into different areas for stability
Rise in price of goods and services
State ownership of production and distribution of goods
A severe and prolonged decline in business activity, i.e. 1929
The free __ system is based on private ownership
French term for the middle class
A term for the working class

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