Economics

What is a person who uses goods and services called?

• economics

• producer

• consumer

• scarcity

Which item is NOT a good or a service?

• pants

• garbage

• pencil

• potatoes

What are things made and grown called?

• services

• capital

• goods

• consumers

What is it called when you exchange goods and services without money?

• profits

• barter

• resources

• land

What do people do to encourage or use the power of persuasion to get consumers to buy a good or a service?

• service

• advertise

• economics

• entrepreneur

What is the next best thing that is given up when you make a choice?

• opportunity cost

• consumer

• best choice

• profit

When a person or a group of people use their money to make, buy, or sell goods and services; it is known as a ____

• economics

• profit

• scarcity

• business

What are the tools, equipment, and machinery used to produce goods and services called?

• producer

• specialization

• captial resources

• advertisement

What is the study of choices we make in using our limited resources to satisfy our unlimited wants?

• consumers

• economics

• services

• capital resources

Which one of the following items is a service?

• book

• gold

• money

• electrician