A house owner wants to maintain his house.  What is the economic term for this desire?

_____ prices provide ______ for producers to increase production?

What best completes this statement:  “Market failures have negative effects on the economy because an optimal allocation of resources ________?”

A government can fix prices, such as a minimum or maximum price for a good or service which can create aberrancy.  When the government fixes a price below the market rate, what would be the most probable aberration?

The word “market” can have a variety of meanings.  A _______ market is one in which the resources   and semi-finished goods are exchanged.

Which of the following is spontaneously established in a competitive market, persisting until the forces of supply and demand change?

The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of demand.  When the percentage of change in the quality demanded is less than the percentage of the price change, the good is ______

Governments may subsidize companies to keep them in business. Why could this be problematic?

When the demand for a good or service varies from zero to infinity when there is a change in price, the good is _______

A lack of which of the following things can prevent suppliers from providing goods at a price they are willing to charge?