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Match it! Select the correct answer from the pull down...Good luck!
Joe waited in line for three hours to buy the new pair of Jordans, but when he got to the front, they were all out in his size. Which term best fits his situation?
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
The EPA requires car producers to make cars that do not pollute the air to protect the environment. This is an example of:
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
Entrepreneurs can start any type of business. Which business model is recognized as a legal entity where investors' loss is limited to the amount of their investment?
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
Labor, capital, and wood are all examples of __________ that are used in _____________
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
If the government wanted to make more money available for people and businesses, what would it do?
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
Mia went to the mall with $50 to buy a new dress. She saw a pair of shoes for $50 and decided to buy them instead. The dress was her:
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
Central ownership of property is a characteristic of which economy?
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
In the United States economy, businesses and people make decisions in the private sector. What is it called when the people have the power to decide what businesses produce based off of their purchases?
resources; production
Scarcity
Consumer sovereignty
Corporation
Command
Government Agencies regulating businesses
Tax less
Opportunity cost
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