Week 13: Economic Systems

What type of of system organizes resources?

• ecological

• economic

• geologic

• governement

What is a share in a business?

• stock

• tax

• service

• bond

What is not having enough of something?

• opportunity cost

• scarcity

• supply

• demand

What is a surplus?

• too many goods

• high prices

• fewer consumers

• increased demand

What is a demand?

• raising prices

• creating goods

• providing services

• wanting something

What is buying or selling goods or services for something else?

• exporting

• importing

• trading

• interdependence

What are goods sent to another country to be sold?

• imports

• trades

• exports

• taxes

What economy is the oldest?