Chapter 2: Economic Systems

A lack of resources creates __________.

The central authority makes all key economic decisions in a __________ economy. 

A corporate manager would be an example of a __________ resource.

Which is NOT one of the 4 factors of production?

High-skilled workers may be paid the same as low-skilled in this economy. 

This is NOT one of the 3 basic economic questions.

Oil is a renewable resource.

A corporate building would be considered a ___________ resource.

The amount or quantity of goods or services that consumers are willing to buy at various prices

A public school would NOT exist in this economy.