Economics

Front

Good

Back

anything that can be produced or grown

Front

service

Back

something that someone does for someone else in exchange for money

Front

Which of the following means how much of something is available? Options:

supply

,

demand

,

consumer

,

producer

Back

supply

Front

Which of the following means the amount of goods or services consumers want or are willing to buy?

supply

,

demand

,

consumer

,

producer

Back

demand

Front

What is the term for the price of a good or service that satisfies consumers and producers? Options: supply, market price, demand, opportunity cost.

Back

market price

Front

What do you have to give up in order to make or get something else?

Back

opportunity cost

Front

The study of the production, distribution, and consumption of goods and services.

Back

economics

Front

Consumer

Back

anyone who buys a good or service

Front

Producer

Back

someone who creates or manufacture a good or service