Supply, Demand, Equilibrium

The total amount of a specific good or service that is available to consumers

The next best alternative given up when you make a decision is called. . .

If a factory owner uses some of her profits to purchase new machinery she is investing in

Unlimited needs and desires meeting limited resources is the definition of....

Attending school or a training program helps people invest in which of the following?

The equilibrium point is the point where .....

If there is a high demand for gum & Justin Timberlake has a high supply, then the price will be

the study of how individuals, firms, and nations can best allocate their resources is called 

A consumer’s desire and willingness to pay a price for a specific good or service

Goods coming into a country from another country are called

Is this a supply or demand curve?

When the marginal benefits of a decision equal or exceed the marginal costs, it is called. 

Generally, when the price of an item falls, what happens to the demand for that product?

What happens to the supply of goods that producers are willing to produce when prices fall?

A factory's warehouse would be considered which of the following productive resources?