MTE-MS-2017-#economicsystems

The car dealership offered ___ to both buyers and car salesman to help motivate them.

Supply and demand direct the production of goods and services in what type of economy?

There was ________ in the amount of bread and milk at the store due to the impending storm.

The Inuits still utilize fishing and whaling, just as their fathers, in their _______ economy.

In a ___ economy, economic freedom is allowed, but there is some government intervention.

____ is simply something that has been sacrificed for the sake of something else.

Materials, labor, and money are all said to be types of _____________.

The best way to get rid of _____ goods is to reduce prices.

In this economy, the government determines what, how, and which goods to produce.

When the quantity demanded is higher than the quantity supplied, there is a ______.

Bill hoped to make a profit. He was being cost __ and using low cost methods to make his goods.

The state where supply and demand balance is called _____.