Econ Chapter 2
1)"In capitalist economies, the four basic tasks are performed by"
c ="the price system.
2) For a market to exist, there must be"
a = "buyers and sellers.
3)"A change in demand means that there has been a
b = "shift to the right or left of
Econ Chapter 15
1) A business firm owned by a single individual is called a
c = "proprietorship
2) Compared to the proprietorship, the partnership has the disadvantage of
b = "encountering more red tape to remain in existence
3) Large capital accumulation
1)Economic analysis is
d = "a framework for understanding issues that arise because societies need to make
2)Economic resources have a price above zero because
d = "they are relatively scarce.
3)The basic characteristic o