Economics pretest

A person who provides a good or service

• producer

• need

• want

• consumer

A person who purchases a good or service

• consumer

• taxes

• supply

• good

The amount available

• supply

• demand

• import

• natural resource

how much of a good or service consumers want

• demand

• spending

• producer

• scarcity

money paid to the government through income, sales, and purchase of property

• taxes

• goods

• scarcity

• human resource

goods naturally found on the earth

• natural resources

• supply

• demand

• services

services provided by people

• human resource

• import

• scarcity

• consumer

goods made to use in the production of other goods

• capital resouces

• demand

• taxes

• export

a good made in another country and brought into the United States

• import

• scarcity

• supply

• spending

A good made in the United States and sent to other countries

• export

• consumer

• savings

• taxes