Civics and Economics 2016

Who makes decisions for the public in a mixed economy?

The inability to satisfy all wants at the same time.

The amount of money exchanged for a good or service.

Amount consumers are willing to buy at a certain price.

In the US keeping all earnings after expenses are paid is

What is given up when a choice is made and the highest valued alternative is foregone.

Samuel love science and wants to be a doctor but is learning to make bricks like his father

How does the opening of a new store most likely effect buyers?

Centrally planned economy

Who has the most influence in a free market economic system

Some of the profits a business makes are often used to buy more-

The following are characteristics of a command economy except

In the US economy what do consumers by from businesses?

Some of the profits a business makes are often used to buy more-

What is the process of buying and using goods and services?

How does competition help consumers?

Governments use tax revenue to provide

What do financial institutions do with your deposits?

Earnings after all expenses have been paid.

What is the amount of goods and services available to consumers?

People's purchases of good and services determine what will be produced is

_______________ are things that incite or motivate.

The ability of markets to operate with little government interference is what characteristic?

Risks and profits not shared, one owner are characteristics of 

In a free market economy who keeps all the profits

Tax money paid by businesses and individuals us used to provide-

What type of business organization can act as one legal entity regardless owners numbers?

The interactive of supply and demand determines __________.

Mike has $10 for either CD or a shirt. He buys the CD. What term best represents the shirt? 

Private ownership of property and resources is a characteristic of which economic system?

Jean is opening a restaurant. She will take risks to keep all the profit. Jean is 

Savings and loans, credit unions, and banks are

Using goods and services is________________________.

What is the main role of the consumer in the US economy?

Factors of production.

What causes economic behavior to change

Selecting an item from a list of alternatives.

All of the following are characteristics of a free market economy except

________________determines who will purchase a product.

Which one of the following business would be the lowest risk for Holly to invest her money?

All of the following are found in the US economy except

In the US economy what do businesses sell to consumers?

Helen wants to invest in a business where she keeps all the profits and controls everything

In the US economy what do businesses by from consumers?

Amount producers are willing to sell at a certain price.