Domain 1 Quiz #2

Outside of land, labor, and entrepreneurship what is a factor of production?

If the production possibilities chart shifts to the right this is a sign of?

Which social-economic goal is put into place to allow consumers and producers to make their own decisions?

Property rights are typically NOT found in which type of economy?

In a production possibilities graph, what would cause production to move from point D to point B?

When a resource or good becomes temporarily unavailable for a time period that is known as a?

When an economy invests in technology and human capital it leads to...

In order to be scarce, an item has to be abundant and desirable?

What term determines what goods and services producers will make in a market/mixed economy?

In order for a rational decision to occur?