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SS Lesson 2-2 Flashcards | StudBud
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SS Lesson 2-2
SS Lesson 2-2
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Exploring Economics
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Technology can...
make it easier and cheaper to create goods.
cause demand to decrease.
make the economy grow very slowly.
make prices higher.
2
Buyer and seller will agree on a price and amount that satisfies both in a ....
recession.
command economy.
free market.
barter system.
3
The amount of a good or service that a producer wants to sell.
demand
economy
supply
capital
4
Goods and services being traded for other goods and services.
entrepreneurship
supply
barter
economics
5
The goal of free trade is a world maket where people...
have limited choices in what to buy and sell.
have no choices in what to buy and sell.
don't care what is available to buy.
are allowed to choose what to buy and sell.
6
Goods and money used to help people make or do things.
trade
entrepreneurship
capital
economics
7
Amount of something that a consumer wants to buy.
demand
barter
supply
capital
8
The type of economy in Cuba.
mixed
market
command
traditional
9
Lack of a resource.
demand
recession
scarcity
capital
10
Running a business and taking on the risks of that business.
entrepreneurship
technology
economics
free trade