stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Social Studies Chapter 9 Flashcards | StudBud
Explore
/
Social Studies Chapter 9
Social Studies Chapter 9
15 terms
·
StudBud Administration
·
533 plays
TCI Chapter 9: Choices in a Free Market
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
The amount of money earned by a business after costs are removed is called _________.
incentive
profit
supply
demand
2
Which of the following will increase the profit at a lemonade stand?
giving away glasses for free
selling during cold weather
using more ingredients
Using cheaper lemons
3
The total amount of a good or service that customers will buy at all prices is called ______.
profit
incentive
demand
supply
4
At Georgia's fruit stand, she sells apples. The _______ of apples is how many she has to sell.
seller
buyer
supply
demand
5
?
Prices will go down.
Prices will go up.
6
Cold weather in Florida kills many trees that grow apples. How will the price of apples change?
Price will go up.
Price will go down.
7
A new bakery opens. Now there are more cookies people can buy. How will the price change?
Price will go up.
Price will go down.
8
The total amount of a good or service that is available to buy is called ________.
demand
profit
incentive
supply
9
What can you do to earn money?
All of the above.
Do chores at home.
Open a lemonade stand.
Rake leaves for a neighbor.
10
Joe sells coffee during the winter. But this winter has been warm. How will the price change?
Prices will go down.
Prices will go up.
11
Which of the following people is earning money by providing a service?
Laura sews stuffed animals.
Anthony grows fruit to sell.
Marie teaches a third grade class.
Carl sells lemonade he makes.
12
What can you do when supply is low and demand is high?
Raise prices.
Lower prices
Keep prices the same.
13
A new toy becomes very popular, and many people want it. How will the price of the toy change?
Price will go up.
Price will go down.
14
How do prices change when supply is high and demand is low?
They stay the same.
They go down.
They go up.
15
An ______ is something that leads a person to make a certain choice.
demand
incentive
profit
supply
