Civics Unit 6 Review

_______________ is another term for a negative incentive.  

GDP stands for what? 

There is a ___________ standard of living in California than in Louisiana.  

__________ are the things that go into making something.

___________ means that the consumer is in control.

Which of these is best for a country?

The government dictates price in a _________ society.

Which of these is NOT one of the three big questions? 

_____________ is cost that does NOT change based on how much you create. 

The _____________ market is where things used to make finished goods are sold.  

The _____________ market deals with the government..  

__________ is the effort it takes to make a product.

Which of these allows for specialization of labor to exist?

Giving bonus points for not leaving class is an example of a ___________.

The _________ market is where things used to produce goods are bought and sold.

Adam Smith wrote which of the following? 

A lack of ____________ is a monopoly.  

Which of the following is a need? 

_____________ is fixed cost plus variable cost.  

The _____________ market is where finished goods are sold.    

Tax penalties for not having insurance is an example of a ____________.

Which is NOT a factor of production? 

_____________ is cost that does change based on how much you create. 

Making the most logical decision is a major aspect of the ___________ model.  

Referrals are examples of ___________.

Laissez-faire translates to which of the following? 

Who dictates price in a capitalist society?

Division of labor ______________ productivity. 

Which of the following is a want? 

_______________ is another term for a positive incentive.  

_____________ means being very good at one specific thing.

The _____________ market deals with selling to foreign countries.  

Which of the following is a good? 

_________ is the value of the next best use of your time.

Consumer sovereignty means the __________ rules the __________. 

__________ are the things needed to make something that DON'T go into the product.

Which of the following is a service? 

__________ describes the ideas involved in making a product.

Which of these is NOT an aspect of capitalism?

The _________ market is useable goods are bought and sold.