The ___ is the amount of goods and services that buyers are willing and able to buy at different prices and conditions given at a given time

An example of ___ good is chicory

If the products are ___, the higher the price of one of them, the lower the demand for the other (if the rest of the circumstances are kept constant)

When income increases, the demand curve for normal goods shifts towards ___

Examples of ___ goods are diamonds or luxury cars

The ___ curve usually slopes upward from left to right

At a higher cost, ___ supply

By agreement it was established that when the elasticity is between zero and one, it is sait to be ___

The supply of a new housing is very ___

The direction of the inclination of the labor supply may change ___ for some individuals

Any oversupply would lead to price cuts that ___ the quantity demanded

The issue of ___ demand is often used as an argument against widening the roads

Production under perfect competition will always tend to ___

In perfect competition, in the long term, the arrival of new companies or the expansion of existing ones in the market causes the average income curve of each company to shift ___

In Greek, "monos" means ___

Pure monopolies are said to "face a ___ demand"

___ is a combination of two companies in a larger one

It is known as ___ takeover when a smaller company will acquire management control of a larger or older company and retain its name for the combined entity

___ competition is a very common market structure where many competitive producers sell very similar products that are differentiated from each other by some variable (that is, the products are close substitutes, but not exactly the same)

In greek, "oligo" means ___

In perfect competition it is said that companies are ___

According to the Georgists, the supply of land has ___ elasticity

The supply of doctors is much more ___ than the supply of cleaning employees

The main determinants of the capital market are ___

The determinants of individual ___ are: the price of the good, the level of income, personal tastes, government policies and the price of substitute or complementary goods

If a product is fashionable, its demand ___

If the products are complementary, the higher the price of one of them, the ___ the demand for the other (if the rest of the circumstances are kept constant)

The demand curve usually slopes ___ from left to right

By decreasing the prices of ___ goods, the preference of people to buy them decreases

The supply curve usually slopes ___ from left to right

The greater the availability of the production factors, ___ supply

By agreement it was established that when the elasticity exceeds the value of one, it is said to be ___

The more spare capacity there is an industry, the more ___ it would be to increase production if prices rise

The labor supply curve must start at ___

Any excess of ___ would lead to the price increasing

The ___ cost of time spent traveling is usually calculated as the product of travel time ant the value of travelers' time

In the ___ term, perfectly competitive markets are productively efficient and efficient in allocating scarce productive resources

In perfect competition, in the long term, the arrival of new companies or the expansion of existing ones in the market causes the marginal income curve of each company to shift ___

In Greek, "polein" means ___

In the ___ term it may be good to allow a company to try to monopolize a market

___ results in a new name for the company

___ absorption occurs when a private company that has strong prospects and is eager to grow financially buys a company listed on a stock market

Common examples of ___ competition include markets for restaurants, cereal, clothing, shoes, and business

Oligopolistic markets and industries are at high risk of ___

In perfect competition, each company will produce the quantity that its ___ curve indicates for this price

The price of the land will depend on the ___

The demand for doctors is ___

Developing countries are those that haven't developed to the same levels as the countries of the ___

At a higher price of the good, ___ demand

___ goods are goods that aren't consumed at the same time and satisfy the same need

An example of two ___ goods are the car and the fuel

The ___ curve usually slopes downwards from left to right

An example of a ___ good is rice

The ___ curve has a positive association

The greater the quantity of goods produced, ___ supply

The supply is normally more elastic in the ___ term

An example of a supply curve that changes its slope is ___ supply curve

A ___ is the point at which the quantity demanded and the quantity supplied are equal

Any excess of demand would lead to the price ___

In neoclassical economics and microeconomics, ___ describes the perfect way of being of a market in which there are many small companies, all producing homogeneous goods and many consumers

In perfect competition, in the ___ term, it's possible for an isolated company to obtain extraordinay profit

In perfect competition, in the ___ term, the company will only make a normal profit (zero extraordinary profit)

In many jurisdictions, ___ laws place specific restrictions on monopolies

The forms of appearance of a ___ are: the trust, the cartel and mergers or acquisitions

___ means the disappearance of the acquired company

Statistics show that ___% of acquisitions were unsuccessful

A ___ is a form of market in which only one buyer faces many sellers

When there is a formal collusion agreement, it is known as ___

In perfect competition, the supply curve or each company is conditioned by its ___ costs

The suppliers of labor are the ___

The capital market is the market of ___

OECD means ___

At a higher income level, ___ demand

If the products are substitutes, at a higher price for one of them, ___ demand for the other (if the rest of the circumstances are kept constant)

There is ___ the demand curve when a change in prices causes the quantity demanded to change

The ___ curve usually slopes downwards

In normal situations, when the price of a good rises, the ___ effect causes people to buy less of it and more of substitute goods

The supply curve has a ___ association

The ___ is the measure of how the quantity supplied reacts to a change in price

In the case that there is production capacity without using, elasticity would be ___

Where the labor supply curve slopes ___, the substitution effect is greater that the income effect

In most interpretations, classical economists such as Adam Smith held that the free market would tend toward economic equilibrium through the mechanism of ___

Any excess of demand would lead to the price incresing, ___ the quantity demanded

There are ___ perfectly competitive markets

In perfect competition, if the average price or average income is above the average cost, we would obtain an extraordinary profit ___

In perfect competition, the horizontal demand curve will touch the average total cost curve at it most ___ point

A ___ monopoly is approved by the state, often to provide an incentive to invest in risky ventures

A ___ is a vertical integration of companies so that an entire production process is under the control of a single company

Acquisitions are ___

If there is only one seller in a certain industry and there are no close substitutes for the good that is produced by he, then the market structure is that of a ___ monopoly

In Greek, opsonia means ___

A good example of a cartel can be the ___ that has a profound influence on the international price of oil

In perfect competition, inefficient companies won't be able to leave the sector in the ___ term

The demanders of labor are the ___

In the capital market, governments can raise funds for ___ term

The only characteristic that ___ found common in all Third World countries was that their governments demand and receive Western aid (the donation of which he strongly opposes)

The higher the income level, the higher the demand for the ___ goods

If the products are ___, the higher the price of one of them, the greater the demand for the other (if the rest of the circumstances are kept constant)

There is movement along the demand curve when ___

The demand curve usually slopes ___

In the situation of ___ good, there are no cheaper and closer substitutes available. Due to the lack of substitutes, the income effect dominates, guiding people to buy more of the good, even if its price increases

The "supply law" means that producers will offer more quantity of goods and services if their price ___

The ___ of supply is the percentage of change in the quantity supplied divided by the percentage of change in the price

The quantity of goods offered may, in the ___ term, be different from the quantity produced

Where the labor supply curve slopes upward, ___

Any excess of ___ would lead to price cuts

Any excess of demand would lead to the price incresing, ___ the quantity supplied

In perfect competition, in the ___ term, inefficient situations may occur

In perfect competition, if the ___ term, the positive profit can't be maintained

The characteristics of ___ are: many buyers/many sellers, low entry/exit barriers, perfect information, the objective of companies is to maximize profits, homogeneous products and perfect factor mobility

The idea that monopolies in markets with ease entry don't need to be regulated is know as the "___ monopoly theory"

A trust is a ___ integration of companies so that an entire production process is under the control of a single company

An acquisition is ___ if the companies cooperate in the negotiations

___ monopoly is a monopoly created by the government through artificial barriers to entry such as patents, (for example, the pharmaceutical industry) and copyrights, (for example, the audiovisual industry)

In a ___ there are both a monopoly (a single seller) and a monopsony (a single buyer) in the same market

The practice whereby a known market leader informally sets prices for other producers to answer is known as ___

In ___ there is a tendency to minimize costs and equate profits

The demand for labor is ___ demand

The ___ market includes the Stock Market and the Bond Market

Third World countries mainly sell ___

At higher income level, ___ demand for inferior goods

An example of two ___ goods are butter and margarine

The ___ takes place when there is a change in the relationship between quantity and price that is brought about by a change in any of the factors that influence demand except price

The demand curve usually slopes downward with the theoretical exception of ___ goods

In the situation of Giffen good, there are no cheaper and closer substitutes available. Due to the lack of substitutes, the ___ effect dominates, guiding people to buy more of the good, even if its price increases

The determinants of individual ___ are: the price of the product, the cost of the production factors, the availability of the production factors, the quantity of goods produced and the expectations or objectives of the companies

If, in response to a 10% increase in the price of a good, the quantity supplied increases by 20%, the elasticity of supply would be ___

The determinants of ___ are: the existence of raw materials available for the production process, the duration of the production process, the underused capacity, the ease of resources to move within the industry and the storage capacity of the companies

Where the labor supply curve has ___ elasticity, the income effect is greater than the substitution effect

Any oversupply would lead to ___ prices

___ demand is the phenomenon that happens when supply pulls consumption

In perfect competition, in the ___ term, we could make the given output at a lower cost or we could make more output at the given cost

In perfect competition, in the long term, the arrival of new companies or the expansion of existing ones in the market causes the demand curve of each company to shift ___

In perfect competition, the objective of companies is to sell when ___, where they generate the maximum profit

Where there is a monopoly, a decrease in the production level results in a ___ price

A ___ is an horizontal integration of companies located in the same sector of activity

An acquisition is ___ if the target company to be absorbed isn't willing to be bought or the Board of Directors of the company to be absorbed has no prior knowledge of the offer

___ monopoly happens when, due to the economies of scale of a particular industry, the maximum efficiency of production and distribution is realized through a single supplier

In a ___, prize and output will be determined by non-economic forces such as the bargaining power of both buyer and seller

The supply and demand of a product determine an equilibrium ___, and at this one the companies freely decide the quantity they are going to produce

Land was sometimes defined in ___ economy as the "original and indestructible power of the soil"

If marginal revenue is ___than the marginal cost of a firm, then the firm will employ the worker

The ___ market is a global financial market for short-term loans

Third World countries mainly buy ___

The higher the income level, the lower the demand for ___ goods

___ goods are those that are consumed at the same time and satisfy the same need

The shift in the demand curve happens when ___

___ goods are high standing goods

The ___ is the amount of goods and services that producers are willing and able to offer at different prices and conditions at a given time

At a higher price, ___ supply

The elasticity of supply is always ___

A ___ production process limits the possibility of increasing the quantity supplied

Where the labor supply curve has negative elasticity, ___

Any oversupply would lead to prices cuts, which ___ the quantity supplied

The issue of ___ demand has become important in the debate on the expansion of transport systems

In perfect competition, in the short term, production doesn't have to happen when ___

In perfect competition, in the long term, the arrival of new companies or the expansion of existing ones in the market causes the price to move ___

___ exists when an individual or a specific company has sufficient control over a particular product or service to significantly determine the terms on which other individuals will have access to it

Monopolies in markets with ___ entry don't need to be regulated is know as the "theory of monopoly revolution"

A cartel is ___ integration of companies located in the same sector of activity

Acquisition usually refers to the purchase of a ___

Traditional examples of ___ monopoly include water and electricity services

___ is a form of market in which a market or industry is cominated by a small number of sellers

In perfect competition, who determines the price?

According to the Georgists, the supply curve for land is ___

The marginal income of a doctor is much ___ that of a cleaning employee

The ___ market is where T-bills, commecial papers, and bank acceptances are bought and sold