Economics Review

Wealth is not all about money.

• True

• False

The study of the economy and how wealth is created in a society is called _____.

• services

• economics

• opportunity cost

• producer

A person or organization that uses a commodity or service is called a _____.

• currency

• goods

• consumer

• price

The _____ is the sum or amount of money that is considered equal to something that is bought, sold, or offered for sale.

• currency

• goods

• consumer

• price

The things that a customer can order and a company can deliver are called _____.

• currency

• goods

• consumer

• price

_____ is something that is used as a medium of exchange or for money.

• Currency

• Goods

• Consumer

• Price

Economists study economics.

• True

• False

Economists study how people ___, ___ and ___.

• Get different amounts of money

• Use money

• Create Wealth

• complete identity theft