What is economics?

What is scarcity?

What is the basic economic problem?

Which is NOT one of the three basic economic questions?

Which economic system does the US have?

A mixed market is

Sarah wants to buy clearance Valentine's Day candy for her friend. She narrows it down between conversation hearts and a heart-shaped box of chocolates. She buys the chocolates. What is her opportunity cost?

What is opportunity cost?

A trade off is

Benefit-cost analysis is

Demand is

What is a consumer?

What is supply?

What happens to price and quantity demanded when there is downward movement along the demand curve?

What happens to price and quantity demanded when there is upward movement along the demand curve?

When you move down the supply curve, what happens to the price and the quantity supplied?

When you move up the supply curve, what happens to the price and the quantity supplied?

The three types of resources are

In a traditional economy

Resources are

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