Economics

The amount of product people actually want or need?

• producer

• consumer

• supply

• demand

Someone who makes a good or provides a service?

• producer

• consumer

• supply

• demand

The amount of product that is available?

• producer

• consumer

• supply

• demand

A person who buys goods and services?

• producer

• consumer

• supply

• demand

_____________ is when you buy, sell or exchange a good or a service for something you want or need?

• Interdependence

• trade

• import

• export

This is an essay you will have to write the definition down on your test!!!

__________ is not having enough of something?

• Opportunity Cost

• Supply

• Demand

• Scarcity

A/An ___________system is the way communities and governments organize resources, goods, and services?

• ecological

• governement

• economic

• geologic

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

• Interdependence

• trade

• import

• export

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

• goods

• services

• money

• jobs

This is an essay so you will have to write your answer down on your test!

How does scarcity affect the prices of goods and services?

• It doesn't do anything to the price.

• It makes the price of good and services go down.

• It makes the price of goods and services go up.