Sample Study Guide Chapter
Answers to the Fill-in Questions
1. Scarcity
2. Economics
3. purposeful choices
4. markets; organizations
5. opportunity cost
6. gains from trade
7. division of labor
8. comparative advantage
9. International trade
10. Production possibilities
11. production possibilities curve
12. Economic growth
13. market; command
14. Property rights
15. signals; incentives; distribution of income
|