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3. economic system in which there are no rules
7. according to the production possibilities curve, which goods will allow you to expand your possible production
8. factor of production representing man-made tools to produce goods and services
10. the American economic system
11. type of capital factor of production such as wrenches, hammers, and tools
16. wrote The Wealth of Nations to analyze the free market economic system
18. the MOST innovative economic system
19. Adam Smith's word for the government NOT interfering in the economy
21. the idea that each dollar spent is a vote for a product
23. peoples resources are _________
24. the most desirable alternative given up in an economic decision
26. all the resources used to make goods and services

1. the least free eceonomic system
2. the MOST efficient economic system
4. the least innovative economic system
5. economic system in which the government or dictator makes all decisions
6. the founder of communist economic theories who wrote The Communist Manifesto
9. factor of production representing ALL natural resources to produce goods and services
12. all economic questions are answered by __________
13. the least efficient economic system
14. factor of production representing a new, unique idea combining land, labor, and capital
15. capital type of capital factor of production such as knowledge, experience, and training
17. economic system controlled by religion, custom, ritual, family tradition
20. peoples wants are _________
22. factor of production representing ALL human effort to produce goods and services
25. study of how people interact to transform limited resources into goods and services