Economics Vocabulary Review

What economic term does the picture above represent?

• demand

• commerce

• supply chain

• monopoly

What vocabulary term should replace the question mark?

(a)  

What is being represented in the picture?

• common goods

• economy

• entreprenuer

• economic incentive

This picture figuratively represents what economic term?

(a)  

What does the portion of the graph that is circled represent?

• expenses

• profit

• revenue

• economic interdependence

What term describes the supply of toilet paper?

(a)  

What is being presented in the picture?

• economic interdependence

• economic incentive

• labor

• opportunity cost

According to Forbes in 2019, Cargill was the United State's largest (a)   business with revenue of 113.5 billion dollars each year. Cargill is located in Minneapolis. and was founded at the end of the American Civil War, by William Wallace Cargill. Descendants of William Cargill and his son-in-law John MacMillan have owned the company for over 140 years.

Ebay, a website where people can buy and sell goods, is a form of online ___________.

• commerce

• economy

• labor

• demand

In the picture you see several flags that represent different countries around the world working together to create movement. What economic term is symbolized in this picture?

• economic incentive

• demand

• economic independence

• economic interdependence