A winter storm downed power lines and left the town without electricity for a week. Stores quickly ran out of supplies consumers wanted to buy. What economic term is described?
A buy one get one free sale is an example of which economic term?
All of the following are types of resources except?
Farmers in the Midwest report that a drought has damaged much of the wheat crop that is used to make bread. What is most likely to happen as a result of the drought?
Which of the following is NOT one of the three basic economic questions?
Mike has $10. He can buy a CD or a shirt. He decides to buy a CD. What term best represents the shirt?
What determines the price of a good or service?
Maggie did not buy a shirt she wanted until it went on sale. What was her incentive to buy the shirt?
If supply is low and demand is high, the price of an item will be?
What do you call the process of combining resources to produce goods and services
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