In a _____________ the resources are owned and controlled by the people.

Market price is determined by all of the following except _______________.

The primary reason why businesses invest resources and take risks is to ______________.

The easiest form of a business to start is a

Profit is __________________________________________________.

Max has two hours before having to go to his part-time job. He is deciding between picking vegetables from his garden or taking a nap. If Max chooses to take a nap, the opportunity cost of his decision is

The management team for Apple is considered what type of resource for that company?

________ is a period in which demand begins to decrease, businesses lower production, unemployment begins to rise, and GDP growth slows for two or more quarters of the calendar year.

The basic economic problem is

An increase in the general level of prices.

If I had to choose to go eat pizza with friends or study for an exam and I chose to go with friends. The ________________ would be that I may not do well on my exam.

Which style of management is best to use when: managing a group of new employees who don't have any relevant job experience?

The following standards should all be met when thinking of ethical behavior in the office EXCEPT:

The way people get along with each other is called _____________.

Who decides the supply in the market?

Who decides the demand for products?

Cuba and North Korea are examples of this type of government

The period where unemployment is highest in the business life cycle is _______.

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