Economics

The equlibrium point on this graph is located...

A person who buys and uses goods and services =

The price that consumers will pay for a product is the:

When there is not enough of a product to be sold =

Any place where buying and selling take place is called a: 

The amount of a product that consumers are willing to buy is the: 

When there is more of a product than can be sold =

Supply is determined by the: 

Consumers control supply when they:

An economic system that is based on strict control from the government is called a:

A reason for the following increase in demand could be:

To pay for someone to do something for you is called:

The three basic economic questions are ___________ to produce.

Economics = wealth & resources of a country in terms of its ____________ of goods and services.

This is a __________ curve.

An economic system that is based on consumers and supply and demand is called a:

A reason for the following decrease in supply could be:

The reason supply goes up when price goes up is because businesses want:

Moving from A to B show a 

This is a __________ curve.

This graph shows a(n):

Markets have expanded (grown) today because of:

This graph shows a(n):

The United States has which type of economic system?

Prices are set by businesses through: 

This graph shows a(n):

The Law of Demand says:

The reason demand goes down when price goes up is because consumers want:

Products that can be bought or sold are called:

The amount of a product to be sold is the...

The Law of Supply says:

An economic system that is based on customs and many years of history is called a:

The market price is the price that

An economic system that is based on both consumers and government is called a:

Determining how a country will use it's wealth and resources is what _________ is all about!