1.
A legally determined price above the equilibrium price is__________________?
2.
The branch of economics which analyze govt. revenues and expenditures is__________________?
3.
Nominal income adjusted for inflation__________________?
4.
A tax imposed by a nation on an imported good is called_________________?
5.
The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?
6.
The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
7.
An economic system in which traditions and customs determine how the economy would use its scare resources ?
8.
Failure to use all available economic resources to produce goods and services is called__________________?
9.
The price paid for the use of services of labour per unit of time is called__________________?
10.
A market in which products households sell and firms buy resources or the services of resources is__________________?
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