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jill received money for her birthday. She wants to buy a pair of shoes or a sweater. She decided to buy the shoes. What was her opportunity cost?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
Coca Cola and Pepsi are rival companies that sell soda products. What economic term is described by these two companies?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
What must you give up when you chose one thing over another is called?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
Jimmy wants to buy a car. What do you call the amount of money he will have to pay for the car?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
Why is the U.S. characterized as a mixed economy?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
The amount of a good or service that consumers are willing and able to buy at a certain price is?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
The workers in a factory are considered what type of resource?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
A major difference between a free market and command economy is that in a free market the production of goods and services is determined by?
Human
Consumer sovereignty
Competition
The sweater
An opportunity cost
Demand
There is some government involvement in the economy
Price
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