Instructions:
Find the correct State Mandated Vocabulary word for the definition 
listed below.

1)
Market situation in which a single supplier makes up an entire 
industry for a good or service that has no close substitutes.

2)
The material well-being of an individual, group, or nation measured 
by how well their necessities and luxuries are satisfied.

3)
Economic pressure exerted by unions urging the public not to 
purchase the goods or services produced by a company.

4)
Measure of the change in price over time of a specific group of 
goods and services used by the average household.

5)
Government program that extends payments for medical care to 
workers injured on the job.

6)
Total quantity of goods and service in the entire economy that all 
citizens will demand at any single time.

7)
Reduction of government regulation and control over business 
activity.

8)
Federal program that provides monthly payments to people who are 
retired or unable to work.

9)
Total dollar value of all final goods and services produced in a 
nation in a single year.

10)
Tax placed on an imported good.

11)
Deceptive advertising practice that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product.

12)
Total amount of outstanding debt for the federal government.

13)
Economic system in which private individuals own the factors of 
production.

14)
The branch of economic theory that deals with behavior and decision 
making by small units such as individuals and firms.

15)
Ability of risk-taking individuals to develop new products and 
start new businesses in order to make profits.

16)
Process by which unions and employers negotiate the conditions of 
employment.

17)
Value of the next best alternative given up for the alternative 
that was chosen.

18)
Stage of negotiation process in which union and management submit 
the issues they cannot agree on to a third party for a final 
decision.

19)
Economic program put into place by one of the US Presidents that 
emphasized supply-side economics.

20)
Economic system in which individuals own the factors of production 
and make economic decisions through free interaction.

21)
A controversial program put into law in 1972 that encourages 
minority placement to rectify past discriminatory practices.

22)
A situation that arises when the federal government spends more 
than it takes in.