Choose the correct term to correspond with its correct definition. Not all terms will be used.

1.Recession, 2.Inflation, 3. Demand, 4. Oligopoly, 5. Monopoly, 6. Invisible Hand, 7. Supply, 8. Market Price, 9. Brain Drain

1.Migration of educated professionals from a country for better pay or living conditions.

2. Economic principle stating that a freely competitive market works for the benefit of all.

3. Market situation in which each of a few producers affects but does not control the market.

4. Market situation with only one seller for a given product or service.

5.Two or more consecutive quarters of decline in GDP.

6. The amount of a commodity or service that people are ready to buy for a given price.

7. The price determined by the movement of supply and demand.

8. The quantity of a product producers are willing to sell at a given price.