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Alphabet Game

Unemployment trap - When unemployed people who receive benefits, either from the government or from private charity, are deterred from taking a new job because the reduction or removal of benefit if they do will make them worse off.
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Welfare
Americans use welfare as shorthand for government handouts to the poor. Economists use it to describe the well being of an individual or society, as in 'Are tax cuts welfare-enhancing?'. This is economist-speak for 'Will tax cuts improve the overall well being of the country?'
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EDIT: Woot! 70 posts; Familiar Face!
 
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Okay, I had to look this one up, because I could not think of ANYTHING for X.

X-efficiency: Producing OUTPUT at the minimum possible cost. This is not enough to ensure the best sort of economic EFFICIENCY, which maximises society's total CONSUMER plus PRODUCER SURPLUS, because the quantity of output produced may not be ideal. For instance, a MONOPOLY can be an X-efficient producer, but in order to maximise its PROFIT it may produce a different quantity of output than there would be in a surplus-maximising market with PERFECT COMPETITION.

From economist.com.
 
Yield Curve - A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. The most frequently reported yield curve compares U.S. Treasury debts. This yield curve is used as a benchmark for other debt in the market, such as mortgage rates or bank lending rates. The curve is also used to predict changes in economic output and growth.
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Double-post again, heh:)!
Zero-sum game - When the gains made by winners in an economic transaction equal the losses suffered by the losers. It is identified as a special case in game theory. Most economic transactions are in some sense positive-sum games. But in popular discussion of economic issues, there are often examples of a mistaken zero-sum mentality, such as “profit comes at the expense of wages”, “higher productivity means fewer jobs”, and “imports mean fewer jobs here”.
Next post decides next game!
 
How about Fictional Characters?

Aang from Avatar: The Last Air-Bender
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