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- Multiple ChoicePlease save your changes before editing any questions.
a shortage or lack of supply
demand
scarcity
consume
supply
- Multiple ChoicePlease save your changes before editing any questions.
What is Economics?
a system of destroying, storing, and consuming goods and services
a system of not producing needed goods and services
a system of producing, distributing, and consuming goods and services
a system of growing plants and trees to better the environment
- Multiple ChoicePlease save your changes before editing any questions.
to buy a product or service
demand
produce
consume
supply
- Multiple ChoicePlease save your changes before editing any questions.
selling and shipping a product is: ____________________
Produce
Distribute
Demand
Supply
- Multiple ChoicePlease save your changes before editing any questions.
the desire for a product or service
Demand
Supply
Consume
Produce
- Multiple ChoicePlease save your changes before editing any questions.
The way a place uses its money, good services, and natural resources.
Economy
Goods
Services
- Multiple ChoicePlease save your changes before editing any questions.
Material found in nature that people can use.
Natural Resource
Human Resource
Capital Resource
- Multiple ChoicePlease save your changes before editing any questions.
The amount of goods and services that are available.
Supply
Demand
Consumer
- Multiple ChoicePlease save your changes before editing any questions.
Sally goes to buy a hot chocolate every morning at the local donut shop. What is she?
Good
Consumer
Producer
- Multiple ChoicePlease save your changes before editing any questions.
Mrs. Bates is a teacher. She provides a
Goods
Service
product
- Multiple ChoicePlease save your changes before editing any questions.
Many people want the latest video game. That means there is a big ……….
Supply
Demand
Product
- Multiple ChoicePlease save your changes before editing any questions.
What is the meaning of GOODS?
items you buy with money
saving money at a bank
services you buy with money
investing your money to buy something you want
- Multiple ChoicePlease save your changes before editing any questions.
What is TRADE?
paying for a good or service
exchanging a good or service for another good or service
asking for something but not being willing to give something in return
exchange a good or service and getting nothing in return
- Multiple ChoicePlease save your changes before editing any questions.
What is the meaning of NEEDS?
items you must have to survive
an item you would like to have
something you think you need, but is not essential for survival
- Multiple ChoicePlease save your changes before editing any questions.
What is the meaning of WANTS?
items you must have to survive
an item you would like to have
food, water, shelter