| A | B |
|---|
| Name the 2 due process amendments | 5th and 14th |
| Inability to satisfy all wants at the same time | scarcity |
| Constitutional protection against unfair governmental actions | due process of law |
| Factors of production that are used in the production of goods and services | resources |
| Selecting an item from a set of possible alternatives | choice |
| The amount of money exchanged for a good or service | price |
| What determines price | interaction of supply and demand |
| The using of goods and services | consumption |
| What is given up when a choice is made | opportunity cost |
| Things that incite or motivate and used to change behavior | incentives |
| The combining of resources to make a good | production |
| The amount of a good that consumers will buy at a certain price | demand |
| the amount of a good that producers will sell at a certain price | supply |
| What economy is centrally planned and lacks consumer choice | Command |
| What is the United States economy | Mixed |
| What economy has private ownership, profit, competition and individual choice | Free Market |
| What do we call an economy with both command and market characteristics | Mixed |
| What do individuals and businesses share | economic decision making |
