stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Flashcards | StudBud
Explore
/
Economics
Economics
18 terms
·
StudBud Administration
·
23 plays
Imported from external platform
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
A GOOD is any item that you can purchase such as chips, flowers, or sodas
True
False
2
The price of GOODS is always changing
True
False
3
The price of a SERVICE NEVER changes
True
False
4
EGGS are a service
True
False
5
Supply & Demand is the foundation to Economics
False
True
6
The basics of Economics is
Play & Run
Shout & Buy
Supply & Demand
Goods & Things
7
The cost of living has
Decreased
Ran away
Stayed the same
Increased
8
North Korea is an example of a
Market Economy
Traditional Economy
Command Economy
SppongeBob Economy
9
A PLUMBER is a service
False
True
10
The United States is primarily uses a Market Economy
False
True
11
A SERVICE is when you pay $ to someone for a service they provide such as a Dentist, Doctor, or Mechanic
True
False
12
An ELECTRICIAN is a good
True
False
13
The United States primarily is a
Command Economy
SpongeBob Economy
Market Economy
Traditional Economy
14
When the SUPPLY for a product is HIGH, the Demand is HIGH
True
False
15
When the DEMAND for a product is HIGH, the SUPPLY is LOW
True
False
16
A SERVICE is any item that you can purchase such as chips, flowers, or sodas
True
False
17
A GOOD is a service you pay $ to someone for
True
False
18
Doritos are a GOOD
False
True
