Economics

Front

Which of these examples is a service?

• Mr. Farr sells guitars.
• Mr. Swenson gives art supplies to consumers.
• Coach provides lessons for different sports.
• Ms. Miller writes books.

Back

Coach provides lessons for different sports.

Front

Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________. Options:

supply

,

demand

,

buyer

,

seller

Back

supply

Front

Why would a business want to spend their money to invent new items?

Back

They can make new goods to sell

Front

Tyler and his friends put together boxes with supplies and give them to people in need. What are they doing?

Back

They are donating the supplies.

Front

Supply

Back

the amount of an item you have

Front

Demand

Back

how many people want your good/service

Front

What is profit?

Back

the money you have left over after you paid your bills

Front

What does it mean when you save money?

Back

You put money away for later.

Front

Opal saved money in the bank. From doing this, she earned _______.

Back

Interest

Front

Some companies _______ in inventions that will help them compete with other companies.

Back

Invest