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Economics
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Economics unit starter
Flashcards
10 cards
F
Practice quiz
P
Host live
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Questions
10
Answers
1
Commodities such as sugar, lumber, etc are called?
goods
services
things
food
2
When something is considered hard or too expensive to buy?
Bling
Scarcity
Expensive
Goods
3
What each consumer is willing to pay to buy an item
buying
opportunity cost
wealth
a limb
4
When consumers make a purchase without weighing how it will affect them financially
reckledd
impulse buying
purchasing
Stupidity
5
The study of our efforts to satisfy our unlimited wants thru the use of limited resources is?
Millionaire
Greed
School
Economics
6
When consumers are willing to pay for a product or service they create a what for your product?
ability to pay
producer
supple
demand
7
When scarce items are hard to obtain because they are priced for the rich
Iphone
rationed
not cool
out of reach
8
People that supply goods and services
buyers
consumers
producers
people
9
Anything that is scarce to demand a price is considered
in demand
economic good or service
available
not in demand
10
Jobs that are performed for pay?
awesome
nessessity
Needs
services