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Economics 2 Vocab
|something that satisfies one's wants
|a person who buys goods or services to satisfy wants
|the withholding, usually by several nations, of loans or trade relations with a nation violating international law, to force it to comply
|government restriction placed on trade
|the price of one currency in relation to another currency
|the trade of goods and services between countries
|a tax imposed on imported goods
|something that prohibits trade
|the exchange of goods or services for other goods and services or money
|Sustained increase in the general price level of the entire economy, resulting in a decrease in purchasing power.
|the susained decrease in the general price level of the entire economy, resulting in an increase in purchasing (buying) power.