CE 11 Review #4

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

The workers in a factory are considered what type of resource?

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?

What is it called when you can't get everything you want when you want it?

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?

What must you give up when you chose one thing over another is called?

Jimmy wants to buy a car. What do you call the amount of money he will have to pay for the car?

If a price of a good or service goes up, which of the following will go down?

The amount of a good or service that consumers are willing and able to buy at a certain price is?