C&E Unit 2 Review - U.S. Economy

This image represents:

In a market economy, what helps reduce prices?

This graph shows an _____ shift in the _____ curve.

A Production Possibility Frontier shows the ________ of producing one good instead of another.

Unemployment is likely to be highest during a(n):

Nike and Adidas shoes:

Charting the business cycle requires what economic data?

In what system are resources shared collectively by the people and controlled by the government

Government  inspectors would most likely visit private meatpacking plants in a:

Consumers have unlimited wants but resources are limited, so ___ is the basic economic problem

This image represents (the):

The law of ______ says that as prices go up more of a product will be produced & offered:

CELL: __________, Entrepreneurship, _____, Labor

Based on this graph, setting a price of $4 would create:

Frankie didn't listen to Mr. G-G's explanations of quiz quesitons. Not understanding is his:

Have you completed your review packet for Unit 2?

The Consumer Price Index (CPI) measures:

Gross Domestic Product (GDP) measures:

What is probably true at low-points in the business cycle?