While on vacation in Guadalajara, you are shopping downtown and notice the following sign hanging in a store window.What type of store is this?

A hardware store has a big sale on paint. During the sale, the demand for paintbrushes, paint rollers, and painter’s tape sharply increases. Which factor explains this rise in demand?
Which shirt would most likely be the most expensive?
What is the typical annual inflation rate?
Miguel Alvarez owns a horse ranch. He trains horse for rodeos and for work on cattle ranches. As a rancher, he uses different factors of production.
Which example shows why producers cannot always control the number of goods they supply?
Review the graphic organizer.

Which best describes scarcity?
The Summerville city council has money in its budget that it needs to spend now. The council is debating whether to use these limited funds to build a new park or repair several streets in the oldest section of town. The resources for both projects are available and will cost the city about the same amount of money.
Rubber is a raw material used to manufacture tires. Several US tire companies import rubber from South America. Rubber comes from trees that grow in tropical areas. During this year’s hurricane season, several strong storms damaged many South American forests. As a result, there is less rubber available than in previous years.
Which economic system is most likely to have a single communist political party?
Why is bartering not used globally on a large scale to meet the needs of people and populations?
What is one way that citizens can influence the economy through the democratic process?
Review the graph.

What is the cause of demand-pull inflation?
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