History Week 11

When facing a purchasing decision, which of the following is a good thing to do?

__________ is trading goods without using money.

When there's a greater supply of something than a demand for it, it's called a .

According to the example we read, if you buy the book, what is the opportunity cost?

The products a person gives up when having to make a choice is_____________.

____________ is the amount of product that is available .

What is an example of something that is not private enterprise?

_________ is the value of what you give up when you make a choice.

_________ is mutually relying on each other to get things done.

__________ is the amount of product that people actually want or need.

________ are goods sent to another country to be sold.

Which of the following is an example of a result of scarcity of water?

A __________ is someone who makes a good or provides a service.

When a consumer doesn't buy enough of a good or service, it may cause producers to ___________ the cost of it.

According to the article, merchants would ofter travel on __________ to other countries to barter.

______ is when you buy, sell, or exchange a good or service for something else you want or need.

People who buy goods and services are called __________.

Which of the following is an example of a public service provided by the government?

The government's main economic role is to use money and funds to provide _________.

A country with plenty of crops but few livestock might barter for ____.

_________ is not having enough of something.