Supply & Demand

When you don't have enough items for all the people who want them, you get a _________.

Sacré bleu! Je viens de tomber d'un avion ! J'ai besoin d'un ___________ !

Which is the best example of compliments?

A _________ is something whose demand increases as people's income rises.

He wrote Wealth of Nations and is considered the father of market economics

L'unico di questi animali che può volare è a __________.

¡Oh Dios mío! ¡Estoy flotando en el espacio! Necesito __________ !

True or False: Changes in price affect the purchasing power of consumers' income.

An Entrepreneur combines which of the following to produce new goods and services?

_____________ is an example of a Market Economy.

In the U.S. we have a Mixed Economy, which combines __________ and __________ economies.

Skills and knowledge a person has acquired through experience and/or education is known as __________.

Something that causes an overall change in demand is known as a ___________________.

True or False: I am going to ace this quiz.

Land, labor, and capital are known as __________.

Which one of these is NOT a demand shifter?

Businesses seek to maximize the ____________ of resources.

Items that go together are known as ______________.

Gasoline is an example of an ____________ good.

The Substitution Effect states that changes in price motivate consumers to buy ______________ substitute goods.

True or False: The fair and just distribution of a society's wealth is known as Economic Equity.

The ability to make our own economic decisions without interference from the government is known as ________________.

Which of the following is NOT a natural resource?

Das einzige dieser Tiere ohne Schwanz

True or False: Supply and price are directly related to each other.