SOL CE 11

Low Demand and High Supply leads to ____ prices.

When the government runs the economy and consumers have little choice, it is a ___ economy.

In a traditional economy, people usually have the same ____ as their parents.

Global Bucks are a ____, meaning something that incites or motivates.

Price is determined by the interaction of _____ & _____.

What is the "amount of money exchanged for a good or a service?"

The idea that consumers determine what goods & services are produced (through purchasing) is:

The amount of a good or service that customers are willing to buy at a certain price is  ___.

In a mixed economy, businesses and individuals control the ____ sector.

The items (factors) used to produce goods are called _____.

Strong demand and low supply leads to _____ prices.

An economy that is managed by both the government and businesses at the same time is called:

In a mixed economy, the government controls the ____ sector.

In a mixed economy, businesses are motivated by ____.

An economy defined by private ownership and consumer sovereignity is called:

______ is the inability to satisfy all wants at the same time.

The amount of a good or service that producers are willing to sell at a certain price is ___.

The United States is a ___ economy.

What is given up when a choice is made is called ___.

An economy based on customs and history is called ____.