1
Prices for vegetables tend to be elastic because there are other vegetables available for___
substitution
in a short run production period, a factory could ___/___ workers
hire / fire
north korea has an economy similar to that of the _____
ussr
a change in __ is the only thing that can cause movement along a demand curve.
"Dude, I just called the plug and his phone was unplugged
I was lookin' at Doug like "Ooh, ooh, ooh"
Dude"
"Hot Shower" Chance the Rapper
___ would be a good substitute for coffee
tea
economic __ gives people and businesses the opportunity to make their own decisions.
freedom
this curve describes all possible combinations of goods and services an economy can produce.
production possiblities
looking at the pros and cons of different resource uses is an example of a __
trade-off
I was sittin' there sellin' turnips on a flatbed truck
Crunchin' on a pork rind when she pulled up
"Good directions" Billy Currington
____ economies are most prevalent in the world today
mixed
negative marginal returns characterizes which stage?
stage 3
rent control is an example of a price ___
profit ___ is responsible for the growth of the free market system
motive
"Well, I'm not paralyzed, but I seem to be struck by you
I wanna make you move because you're standin' still"
"Paralyzer" finger eleven
without ___, the government answers the questions of what, how and for whom to produce
prices
a can of soup is an example of a ____ good
nondurable
_____ is a major problem in the carrying out of a rationing system where rationing becomes a logistical nightmare
administrative expense
The economy of Cuba is a ____ economy with a strong central authority.
command
"Lie in the grass next to the mausoleum
I'm just a notch in your bedpost, but you're just a line in a song"
"Sugar we're going down" Fall Out Boy
____ occurs when an item is in the process of finding its economic equilibrium
fluctuations.
Protections from illness, disability etc, is referred to as economic___
security
According to economics, production increases as prices___
increases
on a supply and demand curve, the supply curve slopes __
up
"Yellow model chick
Yellow bottle sipping
Yellow Lamborghini
Yellow top missing"
"Look at me now" Chris Brown