The best option based on the choices available at the time

The highest valued alternative forgone

When confronted with two choices - it is the highest valued selected

When confronted with three choices - it is the highest valued selected

an increase in economies of scale

increase in supplies of resources

improvements in resource quality 

technological advances

the price of trees will increase 

the supply of trees will increase

the supply of trees will decrease

the price of trees will decrease

attainable and efficient

attainable and inefficient

attainable

not attainable

result in a product surplus.

clear the market.

 result in a product shortage.

force some firms in this industry to go out of business.

land and other natural resources should be publicly owned, but capital should be privately owned.

land and other natural resources should be privately owned, but capital should be publicly owned.

government action is necessary if the economy is to achieve full employment and full production.

government should not interfere with the operation of the economy.

the market may, or may not, be in equilibrium

either a shortage or a surplus of the product might exist, depending on the degree of competition.

the selling price and the buying price need not be equal.

the quantity that consumers want to purchase and the amount producers choose to sell are the same.

government wants to stop a deflationary spiral.

there is currently a surplus of the relevant product.

government is imposing a legal price that is typically below the equilibrium price.

government is imposing a legal price that is typically above the equilibrium price.

the supply curve to shift to the left.

quantity demanded to decrease.

quantity demanded to increase.

quantity supplied to decrease.

substitute goods.

 inferior goods.

normal goods

complementary goods.