Money Management Final

Economics is a study of consumer ___________?

• Choices
• Availability
• Supply
• Demand

Every country has a unique ___________ that includes its leadership, the way it makes decisions, and how the country's citizens buy stuff.

• Economic System
• Entrepreneurship
• Supply and Demand
• Command economy

The U.S. is mostly a . . .

• Focused Economy
• Free Market
• GDP
• Demand

What you choose to ________ has a(n) _________ on the economies of other countries.

• Buy; impact
• Make; influence
• Trade; affect
• Do; fallout

Economic interdependence . . .

• Describes how all the countries of the world handle their money
• Means we are dependent on the economy for our happiness
• Describes how many countries and companies around the world depend upon each other
• Means that countries do not depend on each other for their economic well-being

A _______________ economy is built on primary industries such as fishing and farming, and it generally has very little waste and very little surplus.

• Traditional
• Demand
• Market
• Mixed

What is the definition of export?

• resources, materials, and goods a country produces and sells to another country​​​​​​​
• resources, materials, and goods a country buys from another country​​​​​​​
• the exchange of capital, goods, and services between different countries
• a government-imposed restriction on the number or value of imported or exported items

The buying and selling of various goods and services is called

• Marketplace
• Trade
• Economic interdependence
• Scarcity

_____________ is the science of the whole economy, while ____________ is the study of people, individual businesses, or markets.

• Global economics; microeconomics
• Macroeconomics; global economics
• Macroeconomics; microeconomics
• Microeconomics; macroeconomics

Supply and demand helps us understand how the _________ of a particular product and the _________ for it affect the price of the item.

• Worth; supply
• Look; feel
• Demand; need
• Availability; desire