Two or more people depending on each other for goods and services is called __________________________.

Being an expert in one job, product, or service is called ___________________.

The term used when there is not enough of something to go around is __________________.

When many people want to buy the same item, it is considered to be

When there is more than enough of a product to sell, this is considered

Trading something for something else - no currency involved

A person who buys goods and services

The making, buying and selling of goods and services

A general increase in prices

The idea that resources are limited; we don't have an unlimited supply of what we want

The study of resources such as money, materials, and labor

The concept of 'invisible hand' in economics is attributed to which economist?

What is the primary focus of microeconomics?

Which of the following is considered a factor of production in economics?