Week 11 Alabama History

A __________ is someone who makes a good or provides a service.

• producer

• supplier

• consumer

• economist

People who buy goods and services are called __________.

• producers

• suppliers

• consumers

• economists

When a consumer doesn't buy enough of a good or service it may cause producers to __________ the cost of it.

• increase

• remove

• decrease

• cancel

__________ is not having enough of something.

• opportunity cost

• demand

• supply

• scarcity

Tags

NGSS.MS-ESS3-4

Which of the following is the result of scarcity of water?

• plenty of crops

• fewer crops for harvesting

• plenty to eat

• easy production of electricity

Tags

NGSS.MS-LS2-1

NGSS.MS-LS2-4

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

• opportunity cost

• demand

• supply

• scarcity

_________ 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

• import

• trade

• export

________ are goods sent to another country to be sold.

• merchandise

• imports

• trades

• exports

_________ is the amount of product that is available. 

• demand

• supply

• surplus

• inventory