You Need
Besides utility, what else determines the value of a good by a consumer?
scarcity
the relationship between a good's price and the amount that producers are willing to make available.
supply
What is the official currency of the European Union?
euro
"expert planners" can better solve economic problems than natural corrections
Keynesianism
What type of market model results when there is only one supplier of a good for which there is no substitute?
monopoly
promotion of one's own nation regardless of moral considerations
Nationalism
The taxes that governments apply only to imported goods
tariffs
The U.S. money supply is managed by the
Federal Reserve
When an economy reaches the peak of its expansion, it is immediately followed by a ___
recession
What is the American system of mandatory social insurance
social security