Economics

the study of the buying, making, and selling of goods and services

• good

• economics

• scarcity

I go to the doctor for a checkup. The doctor is providing a __________.

• good

• service

I buy an apple at the supermarket. The apple is a

• good

• service

• opportunity cost

Anyone who makes or grows a good or a service is ____.

• producer

• consumer

Anyone who buys a good or a service is a _____.

• producer

• consumer

A producer wants to....

• supply goods while charging the lowest price

• buy goods while paying the lowest price

• supply goods while charging the highest price

• buy goods while paying the highest price

The amount of money a person earns for their work.

• budget

• income

• tax

• labor

video games, televisions, toys

• wants

• needs

Money that is paid to the government.

• tax

• income

• budget

• surplus

A card used to pay for items that comes directly from your bank account.

• credit card

• debit card

• savings account

• check