2.01 Economics & Money

___________ is the study of how people decide what they want and what they are willing to pay or give in order to get it.

• Economics

• Markets

• Consumerism

• Demand

___________ is when people want more of something than is available.

• Consumerism

• Inflation

• Scarcity

• Bankruptcy

___________ is the way you manage your own money and the things you own.

• Taxes

• Personal finance

• Organization

• Financial statements

__________ is making a plan for the future about how to manage your finances.

• Financial planning

• Economics

• Inflation

• Investment

_________ are the money you have and the things you own that are worth money.

• Investment

• Economics

• Financial statements

• Finances

An ________ is a system of trade.

• Economy

• Value

• Account

• Internship

_________ is the exchange of things of value.

• Economics

• Finance

• Trade

• Product

_________ is what something is worth to people.

• Trade

• Value

• Consumer

• Product

A __________ is something of value that can be bought, sold, or traded, such as a book, a bicycle, or music lessons. It is also sometimes called a product.

• Commodity

• Value

• Consumer

• Supply

A _________ is when commodities are bought and sold using money.

• Deal

• Supply

• Barter

• Financial exchange