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2. (Factors of production)
Question 1
What do you call the resources needed to produce goods and services
(Factors of production)

3. Question 2

4. Question 3

5. Question 4

6. Question 5
This economic system is based on the private ownership of resources and on individual freedom.
(Capitalism)

7. Question 6

8. Question 7

9. Question 8
This is the idea that as prices increase the amount producers sell increases.
(Law of Supply)

10. Question 9

11. Question 10

12. Question 11

13. Question 12

14. Question 13

15. Question 14

16. Question 15
This is an economic system under which no private property exists and where people work for the common good.
(Communism)

17. Question 16

18. Question 17

19. Question 18

20. Question 19

21. Question 20

22. Question 21
This word means a rivalry of sellers so that no one producer can control the market.
(Competition)

23. Question 22

24. Question 23

25. Question 24

26. Question 25

27. Question 26

28. Question 27

29. Question 28
What is the choice given up in a trade-off called?
(Opportunity Cost)

30. Question 29

31. Question 30

32. Question 31

33. Question 32
Which type of economic system is also called a market economy?
(Capitalism)

34. Question 33

35. Question 34

36. Question 35

37. Question 36

38. Question 37

39. Question 38

40. Question 39

41. Question 40

42. Question 41

43. Question 42