The condition in which our wants are greater than the amount of goods available

The word Economists use to measure happiness

A choice

The most highly valued opportunity or alternative forfeited when a choice is made

Shows all possible combinations of two goods that an economy can produce in a certain period of time

A way to decide who gets what portion of all the resources and goods available

Motivates a person to take an action

The word that means "additional" in Economics

Products that are available to buy in an economy to satisfy wants

Tasks that you pay other people to perform for you

What people use to produce goods and services such as land, labor and capital

Which of the following is NOT one of the three questions of Economics?

The type of economic system that the United States has

He is the "Father of Economics"

He is the "Father of Communism".

What is the current GDP of the United States?

Signs that show how an economy is doing are called economic

The determinants of demand include all of the following except :

The idea that government control of the economy is not needed is called

A market is any place

The current unemployment rate in the US is

The population of the US is

Which economic terms explain why it's so hard to get into certain colleges?

The most commonly used rationing device is

The Law of Supply states that as prices increase, supply will

The Law of Demand states that as prices increase, demand will

On the TV series Lost, how did the castaways end up on the island?

Katie's mom pays her an allowance when she completes her chores. This is called

Economics