Economics Basics

The most basic economic problem that ALL economic systems must deal with is the issue of?

All of the following are basic economic questions except?

What economic system are the following words associated with?

Having a great variety of goods and services is a characteristic of which economic system?

A period of rising prices is called?

Which economic system is the United States?

A production possibilities curve shows us?

All of the following are CAPITAL good except?

To not have enough of a particular resource.

What economic concept is defined as what one gives up when choosing to use resources 1 thing?

An economist is a social scientist who studies all of the following EXCEPT?

A person who takes a risk to start a business is known as a ?

All of the following are factors of production except?

Economic term for usefulness, beneftits, value, or satisfaction you get out of a good/service.

The economist that wrote about Capitalism and the "invisible hand" was?

In which economic system does the government make all the major decisions on what to produce?

The individual who is known as the father of communism (command economy) is?

The difference between the cost to make a good and the price is the?

An individual who makes purchases of goods/services for personal use.

The value of time, money, goods, and services given up in an economic choice is called?