12 questions
Tara is a students, she really wants to buy a new book for school
Need
Want
How can needs and wants be fulfilled
From our wish
From our neighborhood
From ourselves
These are the example of some Developing Countries
Indonesia
Cambodia
Thailand
Singapore
These are example of Goods
Teacher
Students
Bread
Shoes
Gardener
A direct exchange of goods and services that
satisfies the need and want of people is called...
Direct trade
Barter
Economy
What is the currency of India?
Rupiah
Rupee
Dollar
We want to buy so many things when we travel, but what should we do first when we want to go to travel abroad?
The law of demand stated that, when the price is ... so the demand will low
A hot and humid summer has set weather records and has extended for several weeks. The effect on supply and price of lemonade stands will be
Supply will need to increase and price should decrease
Supply will stay the same and price should decrease
Supply will need to increase and price should increase
Definition of barter
Offer your services for free
How much of something is available
Exchange or trade services without payment
Vocabulary word that describes the amount of goods or services available for use.
Incentive
Efficiency
Supply
Demand
Vocabulary word that describes the degree of desire for a good or a service.
Supply
Demand
Scarcity
Opportunity Cost