A tractor is an example of what type of resource?

Bodie works at the local Guitar Center. He gives electric guitar lessons. Bodie is an example of -

Which of the following is not an effect of scarcity?

Porter owns a candy store and wants to sell as many chocolates as possible before the end of the year. The economic principle he would use is -

The consumer is most important in what economic system?

Individuals, government, and businesses make economic decisions in which economic system?

What type of economic system does the United States have?

Which is not one of the three basic questions that all societies must answer?

Based on historical precedent

Who has the most influence in a free market economic system?

In a mixed economy, the government is in charge of which sector?

What does the government collect from consumers in order to pay for public services?

Borrowing money from a bank

Businesses use their profits to buy more -

Earnings a business has left after all its expenses have been paid

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