Market and Economic Systems Vocab

When you can't get everything you want?

A truck is what type of resource?

If price is high, ....

Which of the following is not a type of resource?

An economic market that has not changed much and is based on your family

The government has control in which market?

The amount producers are willing to sell.

What does the interaction between supply and demand decide?

Private ownership of property and resources characterizes

The using of goods and services is?

Trees are what type of resource?

Scarcity causes consumers to

A waiter at a restaurant is which type of resource?

If price is too high, .....

Which type of economic system is the U.S.?

Scarcity causes producers to .....

Combining resources to produce goods is called

Making a choice results in?

The amount consumers are willing to buy

If the price is low, .....