A nation’s standard of living is measured by the amount of goods and services…….to its citizens.

Resources in a market economy are allocated in accordance with the law of………

The contract is said … for the benefit of both parties.

……stability is the absence of significant changes in the average price level.

Economics is a social science that describes and analyses choices from scares resources to…

The term “wage” refers to the earnings of workers paid ……….

The quality of paper and engravings make money difficult to……….

A ………is a market where brokers meet to buy and sell stocks and bonds to their customers.

As business and consumer spending begins to increase, the economy will enter the ……phase.

A corporation is a business organization created under a government……..