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WorksheetsUnderstanding the Market Quiz
Total questions: 10
Worksheet time: 5mins
What is an economy?
a list of goods sent or services provided, with a statement of the sum due for these; a bill.
any of numerous plants of the genus Gladiolus native chiefly to tropical and South Africa having sword-shaped leaves and one-sided spikes of brightly colored funnel-shaped flowers; widely cultivated
make something concrete
the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
What is the term for a person employed for wages or salary, especially at nonexecutive level.
manikin
canvass
employee
obbligato
The name of this class......
woodsy
entrepreneurship
stevedore
art
Things that you think you must have in order to be satisfied such as Jewelry, technology, luxury items.
Wants
Needs
Effervescence
Goods, services, and how they are produced are considered to be:
economic resources
madrigal
bollard
parvenu
Money made after all production costs and employees are paid.
Annulment
Expenditures
Mountebank
Profit
The specific cost that doesn’t change.
Cephalopodan
Fixed cost
Bosnian
Contemplate
An increase of consumption means to increase the marginal line or production
Mandela
Marginal Benefit
Supply and demand
Pretoria
What is Equilibrium Price and Quantity?
South African statesman who was released from prison to become the nation's first democratically elected president in 1994 (born in 1918)
city in the Transvaal
the point where supply and demand meet
king of Castile and Leon who achieved control of the Moorish kings of Saragossa and Seville and Toledo
The need or want for your product or service
supply
charismatic
demand
insurgency
