Chapter 19
The American Economy
(422-442)

	(424)1.	Natural ____________________________ are things from nature, such as metal ores, that are used to make products. 

	(425)2.	What are the tools, machinery, and buildings used to make other products?   

	(426)3.	One way to measure the economy’s size is the Gross ____________________________ Product.

	(430)4.	____________________________ is a measure of the amount of output produced by a given amount of inputs over a period of time.      

	(431)5.	What is it called when a job is broken down into several, smaller tasks that are performed by different workers?       

	(435)6.	____________________________ is the struggle between buyers and sellers to get the best products at the lowest prices.     

	(442)7.	What is the payment people receive when they lend money or allow someone else to use their money?      

	(424)8.	Resources needed to produce goods and services are called __________________________ of production.      

	(425)9.	____________________________ refers to the physical and mental talents that people contribute to the production of goods and services.      

	(426)10.	Who are the people who start new businesses and introduce new products?

	(427)11.	The ____________________________ is the quality of life based on the possession of necessities and luxuries.      

	(431)12.	When a business concentrates on goods or services that it can produce better than anyone, it is using ____________________________

	(436)13.	Which term describes the driving force that encourages people and organizations to improve their material well-being?          

	(439)14.	What is the movement to educate buyers and demand better products from manufacturers?

(440)15.	 ____________________________ income is the money left over after all the taxes on it have been paid.