Unit 9 Economics

The United States has a _________ economy. 

Which factor of production is known as the human factor?

In which type of business is it most easy to raise money?

A _________ economy is based on customs, religion and belief systems. 

Cash registers, shelves, and computers are all examples of the ______ factor of production. 

In the __ type of competition, there are many producers of goods. Entry/exit in market is easy.

In the _______ type of competition, businesses are not trying to make money. 

_______ is the study of economic decision making of countries and entire industries. 

___________ is the idea that we have unlimited wants and limited resources. 

Choosing to have grilled chicken over pork chops for dinner is an example of:

Going to the doctor for a check is an example of a(n) _________.

A ____ exists when a corporation buys up all companies that provide its capital goods.