Intro to Business, Chapter 3

In our economy, how many economic roles do people perform?

The quantity of a product or service that consumers are willing and able to buy at a price.

Supply and demand interact to determine the price of a good or service.

The quantity of a product or service that businesses are willing and able to provide at a price

Tax money is used to provide ______ _______. Used to make a better place to live for citizens.

Roads, parks, schools, community buildings: are examples of:

Which of these is not one of the three economic roles?

Productivity is affected by:

Collective decision making means that

(T/F) When you purchase a product or service, you are giving "Dollar votes" to that business.