Chapter 7 test part 2

Match it! Select the correct answer from the pull down...Good luck!

The consumer does not have a choice when he selects a product with a monopoly

What and how much the consumer wantes to buy

The government controls the supply, decides what items to produce, and determines the prices for those items

Manufacturing is the movement of money from person to person or place to place

things a person would like to own but can do without

A contry rich in resources tends to have a lower standard of living

the place where coins are made

Some businesses are owned by the government and some by the people