Basic Economic Terms

Economic incentives are designed to change your

What's given up when a choice is made is called

What the producers make and are willing to sell is known as

This man opened his own business . He must be

Going to a salon to get your nails done is an example of a

What type of resource is this?

There 's one apple but 20 people want it. This shows

Identify this resource.

Everything listed below is an incentive except:

Cox is offering free HBO for 6 months to new subscribers. This is an example of:

Making a decision from a list of alternatives is called

Ja'Tisha ate this sandwich for lunch. She was practicing:

Who is this?

The amount of money exchanged for a good or service is

The most common type of economy is

Millions of cars are made in factories. This is an example of

This branch passes laws for the country:

This is the branch that enforces the law:

Opportunity cost is

Having someone cut your hair is an example of a

The picture shows what type of resource?

This person is probably checking the

The interaction of supply and demand determines

What type of resource is this?

Resources are also known as

Someone who uses goods and services is a