Economics - October Sky Vocabulary Quiz

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

A business organization that is owned by two or more people

The result of an inability to satisfy all of everyone's wants

Physical products businesses produce; tangible items of value

This is the selecting of an item or action from a set of possible alternatives.

All of the following are factors of production EXCEPT

Production of a limited variety of products by a business, region, or country

A governmental ban on trade with one or more other nations

A system in which the basic economic questions are generally answered by the government