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- Multiple ChoicePlease save your changes before editing any questions.
Using income for purchases, expenses, and debt
spending
savings
goods
services
- Multiple ChoicePlease save your changes before editing any questions.
things purchased by consumers
goods
consumer
producer
supply
- Multiple ChoicePlease save your changes before editing any questions.
A person who provides a good or service
producer
need
want
consumer
- Multiple ChoicePlease save your changes before editing any questions.
A person who purchases a good or service
consumer
taxes
supply
good
- Multiple ChoicePlease save your changes before editing any questions.
Basic things humans need to survive
need
want
import
demand
- Multiple ChoicePlease save your changes before editing any questions.
how much of a good or service consumers want
demand
spending
producer
scarcity
- Multiple ChoicePlease save your changes before editing any questions.
The amount available
supply
demand
import
natural resource
- Multiple ChoicePlease save your changes before editing any questions.
money paid to the government through income, sales, and purchase of property
taxes
goods
scarcity
human resource
- Multiple ChoicePlease save your changes before editing any questions.
services provided by people
human resource
import
scarcity
consumer
- Multiple ChoicePlease save your changes before editing any questions.
goods made to use in the production of other goods
capital resouces
demand
taxes
export
- Multiple ChoicePlease save your changes before editing any questions.
A good made in the United States and sent to other countries
export
consumer
savings
taxes
- Multiple ChoicePlease save your changes before editing any questions.
not having enough
scarcity
supply
human resouce
taxes
- Multiple ChoicePlease save your changes before editing any questions.What term refers to a good that comes into a country?TradeMigrationExportImport
- Multiple ChoicePlease save your changes before editing any questions.What term refers to a good that leaves a country?ExportImportTradeDistribution
- Multiple ChoicePlease save your changes before editing any questions.When something given up for something else is called?ChoiceCapitalismInflationOpportunity Cost
- Multiple ChoicePlease save your changes before editing any questions.What economy is where the government has total control of the economy. Businesses are not privately owned.CommandTraditionalMixedMarket
- Multiple ChoicePlease save your changes before editing any questions.When a consumer can no longer pay off credit debt, they may be forced to file personal ______________ or legal relief for paying certain debts.repossessiongarnishmentbankruptcydelinquency
- Multiple ChoicePlease save your changes before editing any questions.
What is the definition of economics?The study of human behavior and attitudesThe study of past events and the impact they have had on peopleThe study of political and social interactionsThe study of the production and distribution of goods and services - Multiple ChoicePlease save your changes before editing any questions.One of the important parts of economics is interdependence. Which of the following is an example of interdependence?People make their own clothing.People often move to places that aren't as crowded.People need goods and services provided by other people.People grow their own food.
- Multiple ChoicePlease save your changes before editing any questions.In economic terms, which action shows a person acting as an investor?A person sells a car to a neighbor.A person puts money in a savings account.A person drives students to school.A person buys a new pair of shoes.