the study of how a society chooses to use its scarce resources to produce goods and services
Economic Goods and Services

Quiz
•
English
•
12th Grade
•
Hard
Sarah Williams
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
economics
choice
market
profit
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
objects that can satisfy people's wants
goods
services
demand
supply
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
actions that can satisfy people's wants
services
goods
supply
demand
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
quantity of goods available in the marketplace at any given time and at a given amount
supply
demand
market
price
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
amount of a good that buyers will buy at a specific time and at a specific price
demand
supply
choice
profit
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
exists whenever buyers and sellers exchange goods and services
market
barter
price
profit
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
direct trading of goods and services between people
barter
market
price
import
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