Show:
Overview of the US Economy
Factors Affecting the US Economy
Government's Role in the Economy
Living in a World Economy Part 1
Living in a World Economy Part 2
100

A person who buys good or services

What is a consumer?
100
Economic signs or factors that follow a change in the business cycle.
What are lagging indicators?
100
A policy that increases the growth of the money supply.
What is easy-money policy?
100
When a nation can produce more of a product that another country.
What is an absolute advantage?
100

When a nations sells more than it buys.

What is a trade surplus?
200
A person or company that provides a good or service.
What is a producer?
200
Signs that show economist how the economy is doing at the present time.
What are coincident indicators?
200
A policy that reduces the growth of the money supply.
What is tight-money policy?
200
When a nation can produce a product more efficiently than another country.
What is comparative advantage?
200

When a nation buys more than it sells.

What is a trade deficit? 
300

A model that describes how individuals, households, businesses, and government interact in the marketplace.​

What is a circular-flow model?
300
Factors that come before a major change in the business cycle.
What are leading indicators?
300
The buying and selling of government bonds.
What is open-market operations?
300

The value of the next best alternative that is given up when a nation specializes.

What is opportunity cost?
300
Trade between nations, a whole region, or those that include many nations.
What are types of trade agreements?
400
The person or people who make decisions in a command economy
Who are government officials?
400
These are people or workers.
What are human resources?
400
Protection of workers, consumers, the environment, promoting competition, and preventing land from being used in harmful ways are all goals of this.
What are goals of government regulation?
400

A limit on the exchange of goods.

What is a trade barrier?
400
Trade surpluses and trade deficits are two different conditions for this aspect of a nations economy.
What is balance of trade?
500
To invent and perfect new products is to do this.
What is the purpose of development?
500
Wars, terrorist attacks, natural disasters are these.
What are current events that affect the economy?
500
The federal government buys and sells this in open-market operations.
What are government bonds?
500

The difference between the value of a nation’s imports and exports.

What is a balance of trades?
500
Placing a high tariff on one type of imported product is this.
What is a trade barrier?