Economics

A bulldozer is an example of what type of resource?

Which business is authorized to act as a legal person regardless of the number of owners?

If a corporation fails, the owners' liability is their-

I work Mondays and Tuesdays.  What is my opportunity cost if I add two other days?

Ian has $10 and can buy a CD or a shirt.  He buys the CD.  What term best represents the shirt?

In US, there is a circular flow of what 3 things between housesholds, businesses, and markets?

Most economies today, including the US, are this type of economic system...

What causes economic behavior to change?

All of the following words are used to describe the US economy except...

What does the interaction between supply and demand decide?

In the US economy, what do consumers buy from businesses?

What is demand?

In the US economy, what do businesses buy from consumers?

What is consumption?

People risk their cash and other resources to start a business to-

What is the process of combining resources to produce goods and services?

Government's role is greater in this economic system than in a mixed economy...

When supply is high and demand is low, the price of an item will be-

The US is primarily this kind of economic system?

The government pays for public goods and services in all of the following ways except:

What might describe a command economy?