Chapter 3 Economic Roles

Process which all citizens decide how scarce resources will be used for our common good

Which of the following is a Consumer Role activity?

Which of the folllowing is considered a benefit of Public Goods

Which of the following is an example of your citizen role?

When demand for small cars increases what might suppliers of large cars do?

The way you live as measured by the goods and services you can afford is

As a worker you want to improve your productivity so you can increase your

Goods and services provided by the government to all its citizens are called

What role do "Dollar Votes" play in our economy?

Which of the following is your role in the economy?

Halloween is over what's is the best idea for a store, to do with left over decorations?

Taking paino lessons is an example of

Which of the following is part of our role as a citizen?

ALL successful businesses must do these two things

A theory explaining the interaction between the supply & the demand for that product

Factors of production?

The quantity of a good an average worker produces in one hour is

Worker productivity is an important factor in advancing our nation’s

What are some things you can do to increase your income and thus your standard of living?

The price of a product made with scarce natural resources will tend to be?

Quantity of good or service that businesses are willing & able to provide at a particular price

A highway is an example of ......... ?

Which of the following NOT an example of our three economic roles

If Demand is high prices

Businesses must set prices to do which of the following

Which of the following is NOT true about prices?