Select all of the characteristics of a market economy

A $2.00 fine for an overdue library book is an example of:

When Target prices their DVD's lower than Meijer, this is an example of:

When Kohl's sends coupons to your house, what are they hoping you do?

Sally chose to buy Meijer brand crackers instead of Cheez-Its. This is an example of:

When Dodge Motor Company uses an assembly line to build a car, this is an example of:

The latest i-phone was just released and everyone wants to buy it!! What happens to the price when the demand is high?

In the middle of winter in Michigan, many people aren't buying bikes. Tom's Bike Shop has too many bikes. This is an example of:

In the middle of winter in Michigan, many people aren't buying bikes. Tom's Bike Shop has too many bikes. What happens to the price?

Why is the library a public service?

Who provides public goods and services for our country?

When copper mining started out west, what effect did it have on established mining towns in Michigan?

Why do many companies outsource the manufacturing of their products?

When businesses get materials cheaper from another country, what problem does this cause in the United States?

When businesses get materials cheaper from other countries, it lowers the price to make the products. What happens to the price when they sell it in a store?

In circular flow model, what exchanges between households and businesses?

Which of the following are examples of human resources? Select all that apply.

Which of the following is a capital resource?

Which of the following is a natural resource?

Not having enough of a good or service is called?

When you make a choice, it's what you gave up.

When a production of a good is broken down into many small jobs, each done by different workers specializing in their task. This is called:

When people produce only some of the goods they consume. This is called:

When a company uses specialization and division of labor this is the result:

A person who makes goods or provides a service is called:

A person who buys good or services is called:

A good that people in one country sell to people in another country.

A good that people in one country buy from people in another country is called:

A person with a job is considered to be:

A person who is jobless, looking for a job, and available for work is considered to be:

People with jobs and people looking for jobs are all part of the__________.

Goods and services that are produced by the government are called __________.

Goods and services that are produced privately and sold to consumers are called___________.

What people pay to a government in exchange for public goods and services