_______________ is the study of how people try to satisfy their unlimited wants with limited resources.

As prices increases, consumers will buy________ of the good.

Video games and brand name clothes have ________________ demand.

Target and Ebay are considered to be markets.

As production increases, prices will_____________. This is called the law of supply.

Expansionary policies are used to...

Contractionary policies are used to slow down the economy.

______________demand are goods unaffected by price changes.

Check Clearing services are conducted by the U.S. Treasury.

Scarcity is the basic economic problem.

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