Civics Module 6 Test Review

What questions does a country consider when determining the best economic system?

_______ is used by a country to determine how best to influence trade and production

How does this monopoly affect the price of paint for the consumers?

______ is when two or more businesses come together that produce the same product.

How does perfect competition affect the price of a product?

What is it when there is a special type of something that only one business sells?

________ is the want, willingness, and resources to buy a good or service.

When limited resources stop us from making all the goods and services we need we experience _

How does the lower price of a complement product impact the demand for cars?

What is it when one large business owns lets of different types of businesses?

The four factors of production include

While at the store, you have to choose between a bag of chips or box of cookies. What is this?

When people not willing to spend as much on goods and services, the demand curve does what?

What is it when the supply is less than the demand?

By choosing either the new pair of shoes or the new headphones, you have made a ____________.

In Country A, the type of job a person does is based on custom. Which economic system is this?