Economic Concepts Flashcard
Flashcard
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
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30 questions
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1.
FLASHCARD QUESTION
Front
What are the basic requirements for survival?
Back
Needs
2.
FLASHCARD QUESTION
Front
What is the term for a location or mechanism that allows buyers to exchange economic products?
Back
Market
3.
FLASHCARD QUESTION
Front
What is the means of expressing needs?
Back
Wants
4.
FLASHCARD QUESTION
Front
What are tangible commodities referred to as?
Back
Goods
5.
FLASHCARD QUESTION
Front
What are works that are performed for someone called?
Back
Services
6.
FLASHCARD QUESTION
Front
What is it called when supply is greater than demand?
Back
Surplus
7.
FLASHCARD QUESTION
Front
What is the term for when quantity demanded equals quantity supplied?
Back
Equilibrium
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