WHAT IS ECONOMY?

Why did Mrs de la Paz sister present the video?

• because Mrs de la Paz is sick with COVI19.

• because Mrs de la Paz was taking care of Julia and Eric.

• because Mrs de la Paz went to the shop to try to buy toilet paper.

• because Mrs de la Paz doesn't like to make videos of herself.

What is Mrs de la Paz' sister name?

• Marisa

• Esther

• Monica

• Pepa

What did her sister study at college?

• Law

• Economy

• Chemistry

• French

What does economy mean?

• To produce, sell, and buy things

• To spend money

• To save money

• A social science concerned with the inequality

What is a producer?

• the money you make after you pay all your expenses.

• exchanging goods or services.

• work people do that other people pay for.

• someone that makes goods or services for sale.

What is a consumer?

• a person who purchases goods and services.

• any kind of money people use as a medium of exchange.

• a person that stores money for customers.

• selling goods and services to other people in other countries.

What are goods?

• a piece of a company.

• real things you can see and touch.

• loaned money that you've got to pay back.

• the amount of cash you're storing in your bank account.

What are services?

• automated banker or telling machines.

• the value of a nation's currency compared to another one

• work people do that other people pay for.

• loans you give with the understanding that the borrower will pay it back with interest on a certain date.

What is free market economy?

• An economic system based on supply and demand with little or no government control.

• economic system that seeks to create a classless society in which the major means of production are owned and controlled by the public.

What is a communist economy?

• An economic system based on supply and demand with little or no government control.

• An economic system that seeks to create a classless society in which the major means of production are owned and controlled by the public.