open a new retail store in another city, or inves in a major advertising campaign. The value of the most attractive option that the business owner did NOT choose is its a. resource value b. trade-off cost c. opportunity cost d. decisional value e. factor analysis determination 32The economic system in which individuals and businesses make the decisions about what products or services to produce, how to produce then, to whom to sell therm and at what prices would BEST be b. planned systern c. free-market system 33. An economic system where individuals own and operate the majority of businesses with limited economic intervention by the govemment is characteristic of a economy a. Cammunist c. planned d. socialist e. mixed-market 34. In the country of Linch, the govemment owns many of the key industrial sectors, such as banking, telecommunications and utilities, but private ownership of businesses in less-vital industries is allowed. What type of economic system does Lindh have? b. Capitalism d. Socialism 35. The U.S. government's use of Blackwater Security Consulting, a military security company, to guard officials and military installations in Iraq is an example of a. Capitalization h. privatization C. COmmunisrTI d socialization e. national ization 36.--refers to the quantities of products or services that producers are willing to provide at dfferent prices at a specfic time. a. Market price . Competition c. Demand d. Equilibriurm e. Supply 37. A seller may decide to lower prices for its goods or services in order to stimulate . a. Inventory b. Yield c. Supply e. demand 38. is the willingness and ability of oustomers to buy a product or service at a given price. a. Equilibriurn b. Infation c. Competition d. Market price 8. Demand 39. If consumer demand for a product decreases, the demand curve would move: a. to the left b. upward. C. to the right. d. downward e. There would be no change in the demand curve 40. Consumer income and the prices of substitute and complementary products are factors that can affect the a inflation rate h. deflation rate