Economics Quiz

What term is also known as the careful use of money, resources, production, and is also defined as the way goods and services are distributed?

• economy

• demand

• surplus

• agriculture

Another word for someone who starts their own business is?

• economy

• demand

• entrepreneur

• agriculture

A term used to describe money or resources owned by a business

• economy

• capital

• entrepreneur

• price

When a business is performing work for a customer, they provide a

• economy

• service

• good

• price

The number of items a company has available to sell is called the

• demand

• service

• good

• supply

The number of items customers want to buy

• demand

• service

• good

• supply

The physical objects companies sell

• demand

• service

• good

• supply

Another word for something that can be seen or held

• demand

• service

• tangible

• supply

The value of a resource, good or service stated in money terms.

• capital

• price

• tangible

• supply

Gifts of nature that can be used to produce goods and services.

• manufacturing

• price

• natural resources

• supply