Choices in a Free Market

The total amount of a good or service that is available to buy is called

• demand
• incentive
• profit
• supply

A(n) ______________is something that leads a person to make a certain choice.

• demand
• incentive
• profit
• supply

The total amount of a good or service that customers will buy at all prices is called

• demand
• incentive
• profit
• supply

The amount of money earned by a business after costs are removed is called

• demand
• incentive
• profit
• supply

Which of the following people is earning money by providing a service?

• Anthony grows fruit to sell
• Laura sews stuffed animals
• Carl sells lemonade he makes
• Marie teaches a third grade class

Which of the following will increase the profit at a lemonade stand?

• using cheaper lemons
• using more ingredients
• selling during cold weather
• giving glasses away for free

At Georgia's fruit stand, she sells apples. The __________ of apples is how many she has to sell.

• buyer
• demand
• seller
• supply

Oprah and Bill Gates are entrepreneurs because they

• watched television all day long
• spent all their time on the internet
• grew fruits and vegetables to sell
• took risks to start their own businesses

Which of the following is the main goal of a charity?

• work on television shows
• give money to people in need
• make billions of dollars in profit
• create computer programs to sell

A new toy becomes very popular, and many people want it.  How will the price of the toy change?

• price will go up
• price will go down