The public sector is

Profit is

People having the ability to influence what the economy produces

The more scarce a product or resource is

Which form of business has the least amount of liability/risk

When the government owns the resources and property, it is considered a

The US is a mixed economy, but is closest to

A free market economy gives consumers

The US economy is marked by

Businesses (and states and countries) SPECIALIZE in certain goods and services because

Which one of these is a proprietorship?

Banks give consumers the following incentive to keep their money in a savings account:

According to the Law of Supply, if the price of chicken nuggets falls, then...

Labor and intelligence are considered this type of resource

According to the economic flow model, who owns the resources (labor, capital, etc) in the US economy

According the economic flow model, who buys all the resources in the US economy

Where does the government get its money from

An Inuit tribe member in northern Canada does the same job his father and grandfather did. What type of economy does this tribe member live in?

This type of economy has private ownership of property and resources

This type of economy has central ownership of property and resources

In an economic flow model, individuals provide resources to businesses, and then business provide

A trade agreement with China is an example of how the US takes part in

Consumption is

Incentives are

An entrepreneur is...

What is given up when a choice is made :

Worldwide markets in which buying and selling of goods and services is done by all nations:

To commit money to gain a material result is....

A form of business that is considered it own entity (or a person) in the eyes of the law

Money paid regularly at a particular rate for the use of money lent or earned on a savings account