Read 180 - Workshop 8.1-8.5

Front

What is the term for the value shown on a coin or paper money?

Back

Denomination

Front

What economic event occurred in 2008 that led to stock market losses and economic problems?

Back

Recession

Front

What does it mean to change slowly over time?

Back

Evolve

Front

What term describes participating and being involved in the learning process?

Back

Engage

Front

What is a business that sells goods or services, or a person that sells products, typically on the street?

Back

Vendor

Front

What is the definition of 'economy'?

Back

The system of production, distribution, and consumption of goods and services in a society.

Front

What is the role of a consumer in an economy?

Back

A consumer is a person who purchases goods and services for personal use.

Front

What is the difference between a good and a service?

Back

A good is a tangible product that can be touched or owned, while a service is an intangible activity performed for a customer.

Front

What does 'supply and demand' refer to in economics?

Back

The relationship between the quantity of a product available and the desire of consumers to purchase it.

Front

What is inflation?

Back

The rate at which the general level of prices for goods and services rises, eroding purchasing power.