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Match it!
Match it! Select the correct answer from the pull down...Good luck!
Prices normally move to a level that brings ____ and ____ into balance.
price
consumption
production
supply and demand
incentives
profits
supply
lowers
A goal of businesses is to make production more efficient, which _____ costs.
price
consumption
production
supply and demand
incentives
profits
supply
lowers
What is the term for the amount of money exchanged for a good or service?
price
consumption
production
supply and demand
incentives
profits
supply
lowers
____ are things that change economic behavior and choices.
price
consumption
production
supply and demand
incentives
profits
supply
lowers
What is the term for the act of combining resources to make goods and services?
price
consumption
production
supply and demand
incentives
profits
supply
lowers
____ are a positive incentive for businesses to make better products.
price
consumption
production
supply and demand
incentives
profits
supply
lowers
What is the term for the act of using goods and services?
price
consumption
production
supply and demand
incentives
profits
supply
lowers
What is the term for the amount of a good or service that sellers are willing to sell?
price
consumption
production
supply and demand
incentives
profits
supply
lowers
Check it!