Resources
trees, rocks, and oil are all examples of this type of resource
the cheaper it is, the more people want to buy is called
the law of demand
This is the term for when a kid is able to use their parents' credit cards
AUTHORIZED USER
This type of insurance deals with your car
AUTO/CAR INSURANCE
In this type of system, only one company provides a good or service
MONOPOLY
People are this type of resource
human resources/labor
the more a good costs, the more businesses want to produce is called...
law of supply
This is the term for a credit card with a limit based on your bank account
SECURE CARD
This type of insurance is required when you own a house
MORTGAGE/HOMEOWNER'S INSURANCE
In this type of system, only a few businesses offer goods and services
OLIGOPOLY
a natural resource that can be produces is called this
RENEWABLE RESOURCE
in economics, the number of things you have is called
quantity
APR stands for this
ANNUAL PERCENTAGE RATE (INTEREST RATE)
This type of insurance helps pay hospital bills
HEALTH INSURANCE
In this type of system, the prices are all similar and the products are often identical
PERFECT COMPETITION
If water comes from the earth it is called a resource, if it comes from a bottle it is called what
good/product
economics deals with the study of goods and these...
services
Things like cash back and air miles are called this
PRICE INCENTIVES/ REWARDS
This type of insurance is often required if you live in an apartment or a home you don't own
RENTERS INSURANCE
In this type of economy, private citizens own the resources
MARKET ECONOMY/ CAPITALIST
the money to start a new business is called what
capital
SURPLUS
This type of insurance deals with your car
CAR INSURANCE
This type of insurance helps when you cannot work
DISABILITY INSURANCE
In this type of economy, private government owns the resources
Command Economy (Communism)