Money Management Final

Front

Economics is a study of consumer ___________?

Back

Choices

Front

Every country has a unique ___________ that includes its leadership, the way it makes decisions, and how the country's citizens buy stuff.

Back

Economic System

Front

The U.S. is mostly a . . .

Back

Free Market

Front

What you choose to ________ has a(n) _________ on the economies of other countries.

Back

Buy; impact

Front

Economic interdependence . . .

Back

Describes how many countries and companies around the world depend upon each other.

Front

A _______________ economy is built on primary industries such as fishing and farming, and it generally has very little waste and very little surplus.

Back

Traditional

Front

What is the definition of export?

Back

resources, materials, and goods a country produces and sells to another country

Front

The buying and selling of various goods and services is called

Back

Trade

Front

__________ is the science of the whole economy, while __________ is the study of people, individual businesses, or markets.

Back

Macroeconomics; microeconomics

Front

Supply and demand helps us understand how the _________ of a particular product and the _________ for it affect the price of the item.

Back

Availability; desire