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The size of an economy is typically measured as __________________________.

GNP, GDP per capita, consumer spending, stock markets, interest rates, etc. are all measures that indicate ___________________________.

Post WWII, European economies ____________________________.

The possibility of ______________________ is why individuals are willing to undertake entrepreneurial ventures and why firms are willing to spend money on research and development and innovation.

Controlling prices, improving the environment, and protecting health and safety are all purposes of _______________________________.

An economic system that is described by goods and services being produced by the family, for the family; little surplus or exchange is called ______________________.

Increase in productivity, world trade, specialization of labor and mass production are all consequences of _____________________________.

Trade barriers can cause problems for governments.

Treaties are a way of lowering or eliminating trade barriers on a regional basis.

Economic activities are closely tied to the availability of ____________________required to support them.