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__________________?