social studies 11-15

11 - AN ECONOMIC SYSTEM IN WHICH ALL DECISIONS ON PRODUCTION AND CONSUMPTION ARE MADE BY A CENTRAL GOVERNMENT.

12 - THE ABILITY TO PRODUCE GOODS OR SERVICES AT A LOWER OPPORTUNITY COST THAN OTHER INDIVIDUALS OR COUNTRIES.

13 - AN ELEMENT OF A MAP USED TO SHOW DIRECTION.

14- A PERSON WHOSE WANTS ARE SATISFIED BY USING GOODS AND SERVICES.

15 - A NUMBER USED TO MEASURE CHANGES IN THE COST OF A STANDARD GROUP OF GOODS AND SERVICES BOUGHT BY A TYPICAL URBAN CONSUMER.