A graphical representation of demand at different prices is a .

When demand decreases, the demand curve shifts to the .

In economics, scarcity leads to choices and trade-offs because human wants exceed .

Scarcity is the condition where resources exceed human wants.

In a command economy, decisions about production and resource allocation are made by:

A price floor can create a surplus in the market.

An economic system where private individuals control resources is a .

(a) State the 5th-century Pericles quote provided in chapter 1 of your textbook. Then, (b) explain how you think it applies to our politics and (c) your life today.

In 1 sentence, clearly state what it means to say democracy can be measured along a continuum.

Since the most recent election, the members in Corey’s community have felt considerably more optimistic about the shape of the economy. As a result, the members of Corey’s community have purchased more goods and services. This is most likely the result of an increase in