The Constitution protects and encourages competition in the economy by doing what?

A person who buys goods is called a what?

Which of the following is true about a free market economy?

What will happen to the price of oranges if more people want to buy them?

What is the name of the book written by economics Adam Smith?

Which of the following is NOT a service

If something is high in demand and the supply is low, will the price go UP or DOWN?

If the demand for an item goes down, will the price go UP or DOWN?

The amount of money a person makes in a year is their ______________

The cost of living or running a business is what?

True or False: If my expenses are SMALLER than my income, I would go into debt

TRUE OR FALSE: If my income is BIGGER than my expenses, I am able to save money

Which Founding Father wanted an economy based on agriculture? (farming)

Which Founding Father did not want to tax American citizens?

Which Founding Father created the first national bank?

What is interest?

The total amount of money a business makes is what?

The amount of money a business spends to operate is what?

The amount of money made by a business after subtracting expenses is what?

Which of the following cannot make revenue?

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