Economy Review

The total amount of goods and services that a customer can buy is called?

• supply

• demand

The total amount of goods and services that customers will buy at a certain price is called?

• demand

• supply

Which of the following categories can Missouri’s business NOT be divided into:

• Schools

• Manufacturing

• Service

• Agricultural

Missouri collects state income tax to pay for all of the following EXCEPT:

• Schools

• Roads

• State Government Jobs

• Haircuts

Goods that are made in the United States and are sent to other nations are called?

• Imports

• Exports

What are goods?

• Railroads

• Products that people buy or consume

• Actions that satisfy people's wants

• Whatever my teacher says is right

All of the following are types of taxes EXCEPT:

• Income Tax

• Property Tax

• Nature Tax

• Sales Tax

A public good includes which of the following?

• education, street lights, fire and police protection

• shirt, hockey stick, burger, pet

How does supply change as demand changes?

• Whatever my teacher says is right

• As demand for a product goes up, there must be more supply

• The number of things made available

• The number of things consumers want

What are services?

• Items you buy

• Jobs that people provide for others

• A water bottle

• Products people buy from other