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In economics, individuals and businesses do not have enough resources to satisfy their every need and want. This condition is known as _____.

When the production of one good increases, causing the production of another good to decline, an economy is experiencing _____.

The main effect of a decrease in the stock of capital is a(n): leftward shift of the [BLANK-1] aggregate supply curve.

How does a substantial increase in consumer income generally impact the demand for luxury goods?

What action sets a bank apart from other businesses?

Which statement best describes inflation?

When an individual, business, or government must decide what goods and services to produce, how to produce them, and for whom, it is dealing with the issues of _____.

If people base their spending decisions more on permanent income than current income, then: attempts to fine-tune the economy with temporary tax rate adjustments will be less [BLANK-1].

A country runs a [BLANK-1] in its current account if: foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers.

What event is likely to cause an increase in unemployment?