12. How are non-prots different from a for-profit business and how are they similar. 13. The is essentially a nancial and social system. It represents the flow of through the society, from , to distribution, to consumption. 14. The study of the choices that people, companies, and governments make in allocating resources is called 15. The study of a country's employment rate, the gross domestic product, and taxation policies is called . 16. The study of smaller economic units such consumers, families and individual businesses is called 1?. The measurable characteristics of a population such as population size and density and specific traits such as age, gender, race, education, and income is called the study of 1B. In 2008, Congress passed a $700 billion economic bailout plan called TARP. TARP stands for 19. The government's efforts to inuence the economy through taxation and spending decisions is called policy. 20. 1f the government creates and operates a budget where tax revenues exceed government spending, this is called a budget . If tax revenues are less than government spending, this is called a budget 21. Actions that shape the economy by inuencing interest rates and the supply of money are called policy. 22, Open market operations involve buying and selling government securities. When the Federal Reserve government securities in the open market, this has the effect of putting money previously held by the Fed into circulation. 23. What are the Fundamental Rights of Capitalism: 24. What is the equilibrium price? What happens to the equilibrium price if the demand increases? BUA 1331 Page 2