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Economics Flashcards | StudBud

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Economics

10 terms·StudBud Administration·33 plays

economics 101

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Questions 10

Answers

1
Action of buying and selling goods
surplus
trade
economy
scarcity
2
Supply and Demand
How much the candy will cost
How much there is to lose
How much there is to buy and how much people want
Who is laughing at us in the picture?
3
What is economy
making money
trade
going to work and getting paid
The system of a country - makes and uses money and products.
4
When there is too much supply
surplus
economy
scarcity
trade
5
when there is not enough supply
surplus
scarcity
economy
trade
6
What branch of Government works out of here?
Executive
tree branch
Judicial
Legislative
7
Demand
I want it now!
How much people want to buy a good
How much there is to sell
Hamburgers
8
Goods
plumber, electrician, car repair
milk, clothing, gum, shoes
McDonalds
dentist, doctor, manicurist
9
What city is this?
Disneyworld!
Washington, D.C.
Minneapolis
Orlando
10
Services
gum. candy, shoes
movies, games, tv shows
Dentist, teacher, IT Specialist
Minister, Imam, Rabbi