Economics is the study of how a society _______________.

Economists can predict what consumers in general will do because all humans seek __________.

Firms ________ in output markets and ________ in input markets.

If a product goes up in price, and the demand for it drops, that product's demand is ____________.

Industrial products are also referred to as __________ products.

Investment includes the amount of _________ that was produced for businesses.

Readiness for training depends on _____.

Rationing is a common form of distribution in a _____.

Price elasticity of demand is not _______.

Patents and copyrights are classified as ___________ on the balance sheet.

Open market operations refer to the purchase or sale of ________ to control the money supply.