Economics

Multiple Choice

Which term is and economic term for MAKING goods and services?

• Production

• Consumption

• Assertion

• Completion

Multiple Choice

Which economics term describes the physical things that are bought and sold in the economy?

• Production

• Goods

• Services

• Consumption

Multiple Choice

Which economics term describes the actions that people perform for us that are bought and sold?

• Goods

• Production

• Services

• Consumption

Multiple Choice

Lisa makes $15 per hour at her job working for Red Lobster. This money is best described as.....

• Income

• Wealth

• Excessive

• Sunk Costs

Multiple Choice

Jerry has a boat, and a mansion, and a million dollars in the bank. This is all known as......

• Income

• Wealth

• Sunk Costs

• Taxed Capital