Economics

The cost of what you give up is the ________________________.

What kind of economic system combines elements of traditional, command and market systems?

When the economy has a decline for 6 or more months in a row, it is called a  ________________.

What encourages people to act in a certain way?

When there is a limited supply of something, an example is oil, it is called _________________.

A person or business that buys or consumes goods or services is called ________________.

What is the study of how people meet their wants and needs called?

GameStop has a _________________________ in video games.

The amount of an item that is available to purchase is called the ____________________.

In what kind of economic system do individuals make decisions about what they produce?

The desire to purchase a good or service is called its _______________________.

What is the money that is left over after a company has paid the costs of doing business?

McDonalds and Burger King are in ________________ with each other to get the consumer's money.

In what kind of economic system do you do the same job your parents did?

A person or business that makes or sells goods or services is called __________________.

In what kind of an economic system does the government make all of the major decisions?