Economics 2nd Grade

Front

What is this? Options: Supply, Money, Trade, Credit Card

Back

Money

Front

Who buys goods and services?

Back

Consumer

Front

The price is what you pay for a good/service?

Back

True

Front

This picture shows what? Options: a scarcity of food, a consumer buying food, people trading for food, a surplus of food

Back

a surplus of food

Front

Scarcity is when you __________

Back

do not have the goods or services you want

Front

When an item is in demand it means people do not want to buy it?

Back

False

Front

What is debt?

Back

Money you owe to another person.

Front

What are these people doing?

Back

Making a trade

Front

When you put money away in your piggy bank to use later what are you doing?

Back

saving

Front

Which of these is a service? A Nintendo Switch, A book, Fruit, A plumber

Back

A plumber