stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Flashcards | StudBud
Explore
/
Economics
Economics
9 terms
·
StudBud Administration
·
63 plays
#economics
Flashcards
9 cards
F
Practice quiz
P
Host live
L
Questions
9
Answers
1
the amount of gods and services that consumers are willing and able to buy
income
cost
wealth
demand
2
when demand outpaces the supply of a product
resource
scarcity
benefit
service
3
person or business that makes goods or services
consumer
producer
service
resource
4
amount of money earned for a good or service
income
consumer
cost
wealth
5
things you must have to live
wants
trade
goods
needs
6
buying and selling
needs
wealth
trade
supply
7
something that is readily available and ready to use
resource
producer
scarcity
benefit
8
a person who buys goods or services
producer
income
resource
consumer
9
the amount of something that is available
consumer
supply
demand
producer
