Economics Quiz Supply and Demand

Match the following

• trade agreement

• Goods and services that are purchased and go to a different country.

• exports

• Things you can buy.

• goods

• Jobs and/or things that people do for other people

• imports

• Agreement between countries to trade.

• services

• Goods and services that are

  purchased and brought into the

  country.

When you have a lot of something and you can give it another country

(a)  

When you want something in your country

(a)  

An ________ _________ is when two countries decide to exchange goods and services with each other.

30 sec audio

Answer explanation

trade agreement

how much you pay for a good or service

• tarrifs

• goods

• price

• demand

the system for figuring out how to get people what they need

• trade agreement

• economy

• services

• trade war

person who studies the trends in supply and demand nationwide

30 sec video

physical things you can buy and sell

• goods

• services

• imports

• exports

Match the following

• actions or things people do and get paid for

• economy

• system for figuring out how to get people what they need

• exports

• goods and services we sell to another country

• imports

• how much you pay for a good or service

• services

• good and services that are purchased and brought into the country

• price

actions or things people do and get paid for

• goods

• imports

• exports

• services