1. The resources that societies use to produce goods and services are called ____

2. A(n) ____ is a graph showing the relationship between the amount of product that buyers will purchase at various prices, while a(n) ____ is a graph depicting the relationship between prices and quantities that sellers will offer for sale.

3. The ____ is established when the amount of product producers are willing to sell at a given price equals the amount that consumers are willing to buy at that price. (I think this is equilibrium price)

4. ____ laws limit what businesses can and cannot do to ensure that all competitors have an equal chanc of producing a product, reaching the market, and making a profit.

5. ____ include statistics such as durable-goods orders, housing data, unemployment rates, and inteest rates.

10. A written _____ defines the values and principles that should be used to guide decisions.

11. A(n) _____ is a situation in which one must choose between two conflicting but arguably valid sides, while a(n) _____ is a situation in which one makes a decision that is clearly wrong.

12. A(n) _____ is a systematic evaluation and reporting of the company's social performance.

13. _____ is a movement that put pressure on businesses to consider consumer needs and interests.

15. The _____ established the Equal Employment Opportunity Commission (EEOC)

17. People with a wide range of physical and mental difficulties got a boost from the passage of the federal _____ of 1970

18. _____ is a ntion's ability to produce a particular product with a fewer resources per unit of output than any other nation, while _____ theory states that a country should produce and sell to other countries those items it produces most efficiently.

21. An extreme form of a quota is called a(n) _____.

22. The practice of selling large quantities of a product at a price lower than the cost of production or below what the company would charge in its home market is called _____.

23. A unified currency used by most nations in the European Union is called the _____ .

24. The number of units of one currency that must be exchanged for a unit of the second currency is known as the _____ between the currencies.

25. _____ is a move by one government to drop the value of its currency relative to the value of other crrencies.

26. _____ is the tendency to judge all other groups according to your own group's standards, behaviors, and customs.

27. _____ is the buying of goods or services from a supplier in another country, whereas _____ is the selling of products outside the country in which they are produced.

28. _____ is an agreement to produce and market another country's product in exchange for a royalty or fee.

29. A(n) _____ is a long-term relationship between two or more companies to jointly develop, produce, or sell products in the global marketplace, while a(n) _____ is a cooperative partnership in which organizations share investment costs, risks, management, and profits in the development, production, or selling of products.

30. When a firm enters an international market through partial or whole ownership and conrol of asets in that foreign country, it is using an approach known as _____ .