Unit 7 Review 2 Flashcards

1

When the govt decreases taxes, what happens to the amount of money available for spending?

2

What type of economic system does the U.S.A have?

3

What causes economic behavior to change?

4

What is given up when a choice is made?

5

What is the main job of the Federal Reserve?

6

When you combine resources to make a product it is called

7

Which type of economic system is centrally planned and lacks consumer choice?

8

Trees are what type of resource?

9

The consumer is most important in what economic system?

10

What does the interaction between supply and demand decide?

Unit 7 Review 2