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Duplicate of Basics of Economics Flashcards | StudBud
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Duplicate of Basics of Economics
Duplicate of Basics of Economics
8 terms
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StudBud Administration
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5 plays
Study game for Economics Review
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
Producers _______
want to grow goods and sell services
make or grow goods and sell services
use and pay for goods and services
are people who live in neighborhoods
2
______ are products shipped from the United States to other countries around the world.
services
needs
exports
imports
3
Consumers ____________
make or grow goods and sell services
use and pay for goods and services
want to grow goods and sell services
are people who live in neighborhoods
4
If bananas are scare, then _____________
the stores have too many bananas
the supply of bananas is low
the supply of bananas is high
the demand for bananas is low
5
The government uses money collected called ________ to pay for schools, libraries, and roads.
scarcity
income
interest
taxes
6
Joe was making a choice between a bat and a ball. He chose to buy the bat. The ball was his ___
scarcity
choice
benefit
opportunity cost
7
_________ is an example of a natural resource.
police officer
cotton
computer
sewing machine
8
A ____________ is a capital resource.
sewing machine
cotton
police officer
trees