Goods, Services, and Scarcity

What type of person buys goods?

• Producers

• Consumers

When the supply is low, and the demand is high, that is called ________.

What is a service?

• When someone does something for you

• Something that you can see and touch

• Someone that serves things

• Someone that buys something

What is a way to solve a scarcity problem?

• Share

• Force

• Majority Rule

• Contest

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A _______ is when someone does a job for you. Fill in the blank.