scarcity

Front

Which word means to go up?

Back

Increase

Front

Which word means how much you pay for something? Options: value, debt, price or cost

Back

price or cost

Front

Which word means a good or a service?

Back

Product

Front

If demand is high, then prices are low.

Back

False

Front

Scarcity is not having enough of something.

Back

True

Front

Scarcity is NEVER a big problem.

Back

False

Front

3.A service is ______________________________________________.

Back

a job you pay someone else to do

Front

What is a consumer?

Back

Someone who buys services.

Front

What is a producer?

Back

Someone who makes something, grows something, or offers a service.

Front

Prices for goods change because ___________________________.

Back

of supply and demand