Ahrens - Economics Review

What is the study of the making, buying, and selling of goods or services?

• Budget

• Wants

• Economics

• Services

Something you can feel, or any kind of merchandise, like shampoo, fertilizer or brake

• Need

• Good

• Work

• Service

Any kind of work performed for others. For example, working in a hair salon, landscaping or being a mechanic.

• Service

• Good

• Consumer

• Supply

Things people like to have

• Labor

• Demand

• Need

• Want

Things that are necessities

• Needs

• Wants

• Scarcity

• Budget

Which is an example of a want?

• Water

• Shelter/House

• Ice cream

• Healthy food

Which is an example of a need?

• Candy

• Junk food

• Water

• New i-Phone

Barter means to trade

• True

• False

The amount of a product

• Supply

• Demand

•  How much of a product is wanted

• Supply

• Demand