Unit 7 Review 2

The consumer is most important in what economic system?

What is the main job of the Federal Reserve?

Which type of economic system is centrally planned and lacks consumer choice?

Trees are what type of resource?

What is given up when a choice is made?

What type of economic system does the U.S.A have?

When you combine resources to make a product it is called

What causes economic behavior to change?

When the govt decreases taxes, what happens to the amount of money available for spending?

What does the interaction between supply and demand decide?