Economics

____________________is the study of how goods and services are produced or provided.

• Economics

• Supply

• Demand

• Goods

A _____________________is a person or company that provides goods and services

• economics

• goods

• producer

• services

_________________ buy goods and services.

• Finances

• Goods

• Producers

• Consumers

Money left over after producers have paid for their resources would be ____________.

• needs

• profit

• services

• wants

Natural resources include resources such as wind, water, natural vegetation, solar energy, and animals. These resources exist in nature in abundance.

• True

• False

______________________are the people who are hired to do the work.

• Wants

• Capital gains

• Natural resources

• Human resources

____________________are the buildings, machines, tools, and money businesses use to produce their goods and services.

• Capital resources

• Wants

• Needs

• Human resources

The _____________ is how much of a product is available in an area

• demand

• supply

• capital resources

• human resources

The _______________is how much of that product people actually want.

• supply

• want

• need

• demand

If there is too large of a supply (too much lemonade available), people will pay more for it.

• True

• False