Glossary of Economic Terms pt. 1

The definition of 'Abilities' is:

• Skills or talents that a person possesses

• A type of physical strength

• An academic degree

• A type of food

What are 'Abundant Resources'?

• Resources that are scarce and hard to find

• Resources that are available in large quantities

• Resources that are expensive to obtain

• Resources that are non-renewable

What does 'Account' mean in economic terms?

• A record of financial transactions

• A type of economic policy

• A measure of economic growth

• A financial institution

What does it mean to 'Advertise'?

• To promote products or services to the public

• To create a new product

• To sell products directly to consumers

• To conduct market research

What is an 'Advertisement'?

• A form of communication intended to persuade an audience

• A type of personal diary

• A scientific research paper

• A historical document

What are 'Alternatives'?

• Different options or choices available

• A type of question

• A mathematical term

• A programming language

What does 'Appreciation' mean in economics?

• An increase in the value of an asset

• A decrease in the value of an asset

• A stable value of an asset

• A fluctuating value of an asset

An 'Assembly Line' is:

• a method of production where workers and machines are arranged in a sequence to assemble a product efficiently

• a type of public transportation system

• a line of people waiting for a service

• a type of computer programming language

An 'Asset' is:

• A liability

• An item of value owned

• A type of expense

• A form of debt

What does 'ATM' stand for?

• Automated Teller Machine

• Automatic Transaction Machine

• Automated Transfer Method

• Automatic Teller Mechanism