| A | B |
|---|
| The quantity of a good an average worker produces in one hour. | labor (or worker) productivity |
| The quantity of a product or service that businesses are willing and able to provide at a particular price. | supply |
| A measure of how well people in a country live - the quantity and quality of wants and needs that are satisfied. | standard of living |
| The quantity of a product or service that consumers are willing and able to buy at a particular price. | demand |
| Things that are needed and provided by a community and are equally accessible to everyone. | public goods |
| Every citizen in the United States has the opportunity to play three of these. | economic roles |
| While playing this role, you make decisions about what to buy. | consumer role |
| These are set to cover the cost of operating a business and to make a profit. | prices |
| This concept helps to keep prices at a reasonable level. | competition |
| Anyone with a job plays this role. | worker role |
| By paying taxes and voting in elections, you are playing this role. | citizen role |
| Members of a community make economic decisions for the common good. This is often done through voting in elections. This process of decision-making is known as this term. | collective decision making |
