Question

Match each statement with the correct item below.a.act of buyers and sellers freely and willingly engaging in market transactionsb.driving force that encourages people and organizations to improve their material well-beingc.organized way in which a society provides for the wants and needs of its peopled.extent to which individuals or organizations are better off at the end of an economic exchange than before the exchangee.economic system in which people carry on their economic affairs freely but are subject to some government interventionf.privilege that entitles people to own their possessionsg.market economy in which private citizens own the factors of productionh.federal program of disability and retirement benefits that covers most working peoplei.economy in which a central authority makes most of the WHAT, HOW, and FOR WHOM decisionsj.income that does not increase even if prices go up 16. economic system 17. profit motive 18. command economy 19. mixed economy 20. voluntary exchange.

Answer 1

its b on edge so yea eheheh

Answer 2

a.act of buyers and sellers freely and willingly engaging in market transactions- voluntary exchange

B) driving force that encourages people and organizations to improve their material well-being-- profit motive

C) organized way in which a society provides for the wants and needs of its people- economic system

D) extent to which individuals or organizations are better off at the end of an economic exchange than before the exchange-- profit

E) economic system in which people carry on their economic affairs freely but are subject to some government intervention- mixed economy

F) privilege that entitles people to own their possessions--private property rights

G) market economy in which private citizens own the factors of production--capitalism

H) federal program of disability and retirement benefits that covers most working people-- social security

I) economy in which a central authority makes most of the WHAT, HOW, and FOR WHOM decisions-- command economy

J) income that does not increase even if prices go up--fixed income