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Economy Review ๐ต๐ค๐ฐ Flashcards | StudBud
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Economy Review ๐ต๐ค๐ฐ
Economy Review ๐ต๐ค๐ฐ
16 terms
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Flashcards
16 cards
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Questions
16
Answers
1
Look at the picture, is it showing low or high demand?
high demand
low demand
2
Is this a good or a service?
Good
service
3
Is this a good or a service?
service
Good
4
What is this picture showing?
High supply
High Demand
5
Is this person earning active or passive income?
Active Income
Passive Income
6
Is this person a producer or consumer?
Producer
Consumer
7
Is this person earning active or passive income?
Active Income
Passive Income
8
Is this person a producer or consumer?
Producer
Consumer
9
Labor is work.
False
True
10
The supply is the amount of goods available.
false
true
11
What does wages mean?
It means how many hours you work.
It means how much money you get paid for the work you do.
Its your job.
12
Is this a good or a service?
service
Good
13
Is this person a producer or consumer?
Consumer
Producer
14
Is this person earning active or passive income?
Passive Income
Active Income
15
Is this person a producer or consumer?
Producer
Consumer
16
Is this a good or a service?
Good
service