Mega Quizizz Economics

Not enough of a good or service.

• Consumer

• Scarcity

• Service

The people or business that make and sell a good or service.

• Producer

• Consumer

• Surplus

The price of a good or service when the supply and demand are EQUAL

• Export

• Standard of Living

• Equilibrium Price

Teacher, Firefighter, Police Officer are all examples of which type of job?

• Agriculture

• Service

• Manufacturing

The amount of a good or service consumers are willing and able to buy.

• Supply

• Demand

• Customer

When there is TOO MUCH of a good or service because it is more expensive than the equilibrium price.

• Surplus

• Shortage

• Scarcity

Better schools

Better homes

More technology

More food

Better/ more specialized jobs

• Less Developed

• More Developed

When goods are bought from another country.

• Import

• Export

Materials found in the environment.

• Capital Resource

• Natural Resource

• Human Resource

(4pts) One factor of production is natural resource. Natural resources are found in the environment. Another factor of production is Human Resources.”

Which sentence is missing?

• "A capital resource is a tool or machine"

• "A human resource is a person that makes a good or service"