NEW
Font size
WorksheetsEconomics
Total questions: 15
Worksheet time: 16mins
_____________ are things that people make or use to satisfy their needs and wants.
Goods
Services
Producers
Consumers
People that make or produce goods.
services
goods
consumers
producers
A teacher provides a _______ to his or her students.
service
good
consumer
producer
_________ is how much of something people want.
supply
demand
services
import
A plan for using money:
budget
supply
capital
demand
The amount of something the customers want:
capital
services
demand
supply
Scarcity means:
Too much of something you wanted
The exact amount of something you wanted
Not enough of something you wanted
If 3 people want a candy bar, is there a scarcity?
Yes, there is a scarcity.
No, there is not a scarcity.
What happens when the supply is small?
The prices stay the same.
The price increases.
The price decreases.
The supply needs to be replenished.
visiting the dentist
Income
Expense
We went to a store and _______ money.
Spend
Saved
Income
I hope that we can ______ enough money for a new house.
Income
Save
Spend
what is profit?
the money you spend to make something
the money you make at the end
the money you made after you subtract the money you spend to make it
the money you lost.
What would most likely happen if the cost to make something increases?
The price will decrease.
The price will drop.
The price will increase.
The price will stay the same.
What would most likely happen if there is not enough people buying a good?
The price with decrease.
The price will stay the same.
The price will increase.
The price will go down to free.
