Economy Vocabulary Review

Front

Ship or send out goods to other places.

Back

Export

Front

The decision a consumer makes between two goods or services.

Back

Economic choice

Front

Coins, paper bills, and checks used in exchange for goods and services.

Back

Money

Front

People's willingness to buy goods and services.

Back

Demand

Front

Not being able to meet all wants because resources are limited.

Back

Scarcity

Front

The money you earn.

Back

Income

Front

Products and services businesses provide.

Back

Supply

Front

Bring in goods from other places.

Back

Import

Front

The option that is given up in a choice between two goods or services.

Back

Opportunity cost

Front

Something that is provided.

Back

Service