Week 11 Alabama Studies Weekly

__________ is not having enough of something.

• Opportunity cost

• Supply

• Scarcity

• Demand

__________ is mutually relying on each other to get things done.

• Interdependence

• Importing

• Trading

• Exporting

__________ is when you buy, sell, or exchange a good or service for something else you want or need.

• Interdependence

• Trade

• Import

• Export

The government's main economic role is to use money and funds to provide __________ to citizens.

• goods

• services

• money

• jobs

A _________ occurs when there's a greater supply of something than a demand for it.

• demand

• surplus

• supply

• trade

The products a person gives up when having to make a choice is ___________.

• opportunity cost

• supply

• demand

• scarcity

According to the article, merchants would often travel on ___________ to other countries to barter.

• horseback

• trains

• ships

• trucks

When facing a purchasing decision, which of the following is a good thing to do?

• purchase immediately

• don't look at the price

• seek advice

• research after buying

Which words means, someone who makes a good or provides a service?

• producer

• consumer

• supply

• demand

Which word means, a person who buys goods and services?

• producer

• consumer

• supply

• demand