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- 1. Multiple Choice
All activities involved in developing and exchanging products:
Trade
Business
House
James Harden
- 2. Multiple Choice
Anything that can be bought and sold
Product
Service
Customer
Consumers
- 3. Multiple Choice
A physical item that can e touched
Service
Product
Good
Customer
- 4. Multiple Choice
An action or task that is performed, usually for a fee
Product
Service
Good
Customer
- 5. Multiple Choice
An individual or group who buys products
Product
Service
Good
Customer
- 6. Multiple Choice
A person who purchases goods and services for Personal use
Good
Consumers
Product
Lebron James
- 7. Multiple Choice
Something that is needed to survive
Want
Candy
Need
Batteries
- 8. Multiple Choice
Something that is NOT required to live
Want
Sugar
Cars
Need
- 9. Multiple Choice
A science that examines how goods and services are produced, sold and used
Astronomy
Geology
Economics
Chemistry
- 10. Multiple Choice
ALL of a nation's NATURAL resources found in nature
Land
City
Space
State
- 11. Multiple Choice
The work performed by people in organizations
Workers
Employees
Boss
Labor
- 12. Multiple Choice
All of the tools, equipment, and machinery used to produce goods and services
Houston Astros
Monopoly
Capital
Accounting
- 13. Multiple Choice
The people who start a new business or purchase an existing business
Explorer
Michael Jordan
Entrepreneur
Engineer
- 14. Multiple Choice
An organized way in which a nation chooses to use its resources to create goods and services
Economic System
Jumanji
supercalifragilisticexpialidocious
Business
- 15. Multiple Choice
When demand is higher than the available resources
Cheap stuff
Want
Scarcity
Need
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