What is economics?

• The system of making and buying things to meet your needs and wants,

• Something that is made to be sold.

What is a product?

• Something that is made to be sold.

• Things found in nature.

All things involved in producing a certain good (example: automotive, cosmetics)

• Currency

• Industry

Things found in nature.

• Currency

• Natural Resources

Country's products sent elsewhere.

• Exports

• Imports

One who buys and consumes.

• Producer

• Consumer

When a product is in demand, it causes the price to increase.

• True

• False

Another name for money.

• product

• currency

Products that come into a country from other countries.

• Import

• Export

What this quiz easy?

• Yes

• No