Economics

Front

The study of how nations spend money, make money, make things and save money.

Back

Economics

Front

In what type of economy does the government make all the economic decisions?

Back

Communism

Front

In which type of economy does the government manage some businesses & industries? Options: Free Enterprise, Communism, Socialism, Traditional

Back

Socialism

Front

A person who makes a product in the product market is called ___________________.

Back

Producer

Front

A person who purchases a product is called a ________________________. Options: Producer, Consumer, Client, Banker

Back

Consumer

Front

There is a big concert event in your town and everyone wants to go. There is a ____________ of tickets. Options: Supply, Scarcity, Credit, Cost factor

Back

Scarcity

Front

Which of the following is a good? Options: cutting grass, car wash, food, restaurant

Back

food

Front

Which of the following is a service? Options: car, shoes, teacher, computer

Back

teacher

Front

Necessary for survival

Back

Needs

Front

Not necessary for survival but are desired

Back

Wants