The earliest written records of auctions are from _____.

The controller of a monopoly sets the price of goods by charging _____.

Refer to exhibit 3-14. at a price of $11, there is a ____________ unit ____________ of good x.

In a public debate on evolution, ____ refuted the points made against evolution by ____.

In a simple circular-flow model, there are flows of _________ and flows of _________.

The main difference between perfect competition and imperfect competition involves _____.

Production possibilities curve is The available production technology that firms use to turn their inputs into outputs

An economy where government and the private sector determine the allocation of resources is called

An economy that allocates goods and services through the private decisions of consumers, input suppliers, and firms is known as

Labor intensive are Production that uses a ____ amount of labor

Condition where the opportunity cost of producing additional units of a good rises as society produces more of that good is called