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Benefit-cost analysis is
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
In a traditional economy
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
What happens to price and quantity demanded when there is downward movement along the demand curve?
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
A mixed market is
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
When you move up the supply curve, what happens to the price and the quantity supplied?
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
A trade off is
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
What is a consumer?
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
When you move down the supply curve, what happens to the price and the quantity supplied?
an economic model that compares the marginal costs and marginal benefits of a decision
Price decreases and the quantity supplied decreases.
decisions of what, how, and for whom to produce are based on custom, habit, or family
Price increases and the quantity supplied increases
a market economy that has elements of command and market
Price decreases and quantity demanded increases.
a person who buys goods and services
the alternative you face when you decide to do one thing rather than another
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