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Category 1
Category 2
Category 3
Category 4
Category 5
100
A measurement of standard of living
What is GDP per capita
100
money with an alternative use
What is commodity
100
financial assistance that doesn't require pay back
What is grant
100
tight money policy
What is contractionary
100
required payment by individuals or businesses to the government
What is a tax
200
the largest source of income for the federal government
What is individual income taxes
200
A lighthouse would be an example
What is a public good
200
What patents protect
What is an idea
200
An free market with some government intervention
What is a mixed economy
200
countries with a lower standard of living
What is developing
300
Measured by a market basket of goods
What is Consumer Price Index (CPI)
300
Strong as a......
What is bull
300
Regulates the size of batteries, shoes, sheets, mattresses, etc
What is NIST national institute of standards & technology
300
specialization in production that is based on opportunity cost
What is comparative
300
plan of action on an issue
What is policy
400
What new technology in production would do to a supply curve
What is shift to the right
400
buyers reject the price of a good -public or private?
What is private good
400
unemployment caused by a lack of demand
What is cyclical
400
single seller market structure
What is monopoly
400
provides a basis for comparison
What is standard
500
The two major financial markets
What are bond and stock
500
a graph that compares the production rates of two products that use the same fixed total of the factors of production.
What is production possibilities curve
500
union membership has fallen due to less jobs in this industry
What is manufacturing
500
not a final product
What is an intermediate good
500
money given by one nation to another nation for help
What is foreign aid