Econ Vocab 1

Front

Economics is a type of science.

Back

Social

Front

Economics is not concerned with:

Back

Introduction

Front

How does the government provide goods and services?

Back

Tax Money

Front

Term for the structure and conditions of economic life?

Back

Economy

Front

Decisions in a market economy are made by:

Back

People and Businesses

Front

Trade is the _______ and _________ of goods and services?

Back

buying and selling

Front

Best goods from available resources?

Back

Specialization

Front

Not a good:

Back

Plumbing

Front

Not a service:

Back

Ice Cream

Front

Opportunity cost is what you must give up to do something else.

Back

Give Up