Show:
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
100
Supply, demand, and competition determine the market price for a product
How is the market price for a product determined
100
Market economy
Which economy do consumers and producers be in
100
Mixed economy
What has both combines of command and market
100
Are the means through which goods and services are produced
What are economic resources
100
Things that required in order to live
What is a need
200
Is the point where supply and demand are equal
What is market price
200
Is a person who buys goods
What is a consumer
200
Traditional economy
Which economy has goods and services are produced the way it had always been
200
Is the value of the next-best alternative that you did not choose
What is opportunity cost
200
Something you can see and touch
What is a good
300
Shows the prices and illustrates
How does the price of a product affect demand and supply
300
Are individuals and organizations that determine what products and services will be available for sale
What is a producer
300
the people
Who owns and controlls market economy
300
The process of choosing which wants, among several options, will be satisfied
What is economic decision-making
300
Things that add comfort
What is want
400
That businesses are willing and able to provide
What is supply
400
The private ownership of resources by individuals, rather than the government
What is capitalism
400
The resources are owned and controlled by the government
What is command economy
400
Needs are required to live and a want just adds comfort
What is the difference between a need and a want
500
The quantity of a good or service that consumers are willing and able to buy
What is demand
500
Command, Market, Traditional, and Mixed conomies
What is the four principals of the U.S. economic system
500
A nation's plan for answering the three economic questions
What is economic system
500
Natural, human, and capital
What are the three economic resources
500
Beach houses and luxury places
What is somethings that are wants