As the FDA uses                 time and resources to ensure the safety of new drugs,                .

When a society cannot produce all the goods and services people wish to have, the economy is experiencing

The demand curve shows                                                  and the supply curve shows                                                  .

China and the U.S. trade extensively. The concept of comparative advantage explains why, if China becomes much more productive,

If you value a longboard at $200 and you buy it from Walter Mitty, who values it at $50, for a price of $130, you have created gains from trade of

The enormous variety of goods and services that we consume each day can be attributed mainly to:

Match the following universal elements to their corresponding meanings.

   Refer to the figure above. The market price of the product is $10 per unit. Calculate the dollar amount of consumer surplus being earned in this market.

An  is a citizen who is highly attentive to and involved in politics or some related area and to whom other citizens turn for political information and cues.

Briefly describe what a party-centered electoral environment looks like, then identify the period(s) in American history when this environment was most prevalent.