Economics Basics Vocabulary

Which of the following would be an example of an incentive?

This is what is given up when you make a certain choice.

You want ice cream, but the store's freezer broke and everything melted. This is a problem of -

If there is a low supply, but demand stays high, what will happen to prices?

Factories, land, machines, robots, warehouses, trucks, and workers are all examples of -

Incentives are intended to motivate people to -

An example of a good is -

Jennifer can't find the specific shirt she wants in stores or online. This is a problem of -

If demand for a good or service is low, the price of that product is most likely to -

If consumers really want or need a good or service, then this must be high.

An example of a service is -