Economics Final Exam

Which is an example of a good?

• A PS5

• A haircut

• An emoji

• A manicure

Which is an example of a service?

• An Iphone

• A limited pair of Nikes

• A haircut

• A meal

In the beginning of the pandemic there was a shortage of ____________.

• toilet paper

• shoes

• chips

• cell phones

What is a surplus?

• Not having enough

• Having extra

• Investing in a company

• A stockholder

Why is it important to have a good credit score?

• You get lower interest rates.

• You can buy as much as you want.

• You don't have to pay for school.

When you purchase clothes you are being a ____________.

• consumer

• producer

• bad spender

Which is a want?

• a home or apartment

• Ipad

• warm meal

• sweater

Which is a need?

• water

• soda

• manicures

• movies

Which is an example of an entrepreneur?

• Someone who opens a McDonalds

• someone who works for AT&T

• a teacher

When a company pays all its bills and still has money left over they are making a

• incentive

• debt

• profit

• goals