POB: Chapter 1: Economic Decisions & Systems

The quantity of a good or service that businesses are willing and able to provide is the

Not having enough resources to satisfy every need is referred to as 

Things that are available to be used to produce goods and services are called

An example of a natural resource is

The value of the next-best alternative that you were not able to chose is referred to as the 

Which of the following is a good?

True/False:  Economics is important part of the world we live in.

Mixed economies combine elements of which two economic systems?

How many economic questions are there?

The method a country uses to answer the three economic questions is referred to as a 

The price of a good or service can be influenced by all of the following except

A person who buys and uses a good and service is the 

Which of the following is not an economic resource to produce chocolate?

True/False:  An entrepreneur is one type of human resource.

In what type of economy are goods and services produced the way it has always been done?