Economy Review

Front

The study of making, buying, and selling goods and services is called _________________________

Back

Economy

Front

You have 2 bottles of hand sanitiser but you want a pack of Clorox wipes. Your friend has a pack of Clorox wipes but wants a bottle of hand sanitiser. What could you do to both get what you want?

Back

Trade

Front

Which of the following is a NEED? Toy, Computer, Food, Doll

Back

Food

Front

Things that we MUST have are called?

Back

Needs

Front

A person who provides a good or a service is called a _______________

Back

Producer

Front

When something that we want is running low, it is called ____________________

Back

Scarcity

Front

SUPPLY

Back

It is how much of something you have.

Front

DEMAND

Back

It is how much people want something.

Front

If I buy a vegetable at the grocery store, am I a producer or a consumer?

Back

Consumer

Front

True or false: Canada imports things from other countries.

Back

True