Economy DCA

What is the struggle among producers for the $ consumers spend?

• Competition

• Goods

• Supply

• Free Market Economy

What happens when you deposit money into the bank?

• Someone steals it

• Someone pays your taxes

• The bank pays you interest

• You owe the bank interest

How does the government influence the economy?

• It decides how much goods and services are

• It helps people who have lost jobs or homes

• It decides much employees get paid

• It chooses the colors for company logos

What is a limit to what we have?

• Surplus

• Opportunity Cost

• Scarcity

• Demand

What is the definition of economy?

• the study of ecosystems

• the study of production, distribution, and consumption of goods and services

• the study of people making goods

• the study of parks

A small fee individuals pay when a bank lends them money

• opportunity cost

• entrance

• interest

• free market economy

People who buy and sell goods

• producers

• demanders

• consumers

• manufacturers

Any action a person does in exchange for payment

• Goods

• Scarcity

• Surplus

• Service

Who can use your checking account?

• You and your family

• Only the person whose name appears of the checks

• Your parents

• Friends and family

To concentrate in one particular area

• specialize

• surplus

• competition

• economy