Econ- Chapter 1 and 2

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

It is easier to start your own business in a:

A free-enterprise system is one in which:

All economic systems:

The amount of military goods given up in a year is the opportunity cost for producing:

The value of the next best alternative that has to be given up for the action that is chosen is the:

As an economic term, land refers to:

Another term for a market economy is a:

A major characteristic of a pure market economy is: