Civics - Unit 6 Study Guide
	1.	When one thing is exchanged for the use of another, it is called a _____________________________.  (410)

	2.	_____________________________is the money a business receives for its products or services over and above its costs. (464)

	3.	Which term refers to the various quantities of a good or service that producers are willing to sell at all possible market prices? (462)

	4.	What occurs when we lack the resources to produce the things we want? (407)

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

	6.	In general, when _____________________________get tighter, supply is restricted.  (468)

	7.	A _______________________system allows businesses to compete for profit with a minimum of government interference.  (417)

	8.	_____________________________and demand work together to set prices.  (431)

	9.	A _____________________________is the amount by which the quantity demanded is higher than the quantity supplied.  (472)

	10.	The ___________________________cost is what you cannot buy or do when choosing to do one thing rather than another. (411)

	11.	Economics is sometimes called the science of_____________________________. (406)

	12.	Businesses are required to treat all workers fairly and without_____________________________. (493)

	13.	Ownership shares of a corporation are called_____________________________. (482)

	14.	_____________________________is the extra benefits gained from the purchase of a good or service. (425)

	15.	A knowledge of demand is important for making sound_____________________________. (435)

	16.	A _____________________________is the amount by which the quantity supplied is higher than the quantity demanded. (472)

	17.	_____________________________refers to the way people think about the future.  (426)

	18.	Higher _____________________________mean higher costs, which cause a decrease in supply.  (468)

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

	20.	_____________________________refers to the desire, willingness, and ability to buy a good or service.  (424)

	21.	What is the name of a business owned by two or more people?  (481)

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

	23.	_____________________________are things we would like to have to make life more comfortable. (407)

	24.	Food, clothing, and shelter are examples of_____________________________.  (407)

	25.	Which term refers to the government-set maximum price that can be charged for goods and services? (473)

	26.	_____________________________income is the money left over after all the taxes on it have been paid.  (440)

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

	28.	_________________refers to the physical and mental talents that people contribute to the production of goods and services. (425)

	29.	What is the study of how we make decisions in a world where resources are limited?  (406)

	30.	A _____________________________is a government minimum price that can be charged for goods and services.  (473)

	31.	According to the ______________________________, quantity demanded and price move in opposite directions. (425)

	32.	What is the term for a government payment to an individual, business, or other group for certain actions? (468)