Sol CE. 11

Which is not one of the basic questions of economics?

Using good or services.

The amount of goods or services consumers want to buy .

Most common economic system in the world commandtoday?

The making goods or services.

Name one of the three basic questions of economics.

Economic decisions are based on customs and historical precedent.

Which is a characteristic of a command economy?

Which is an example of an incentive?

Competition results in lower prices and better ___.

What is an example of a resource?

Consumer preferences, price, and available resources determine what is ____.

The cost of what is given up when a choices made

The interaction between supply and demand determines____.

Businesses and individuals have the right to own ____.