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Economics Review Flashcards | StudBud

Explore/Economics Review

Economics Review

9 terms·StudBud Administration·226 plays

Review vocabulary: goods, services, needs, wants, producer, consumer, barter, economics, supply, demand

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Questions 9

Answers

1
Eileen pays for groceries including carrots, milk, and soup. Eileen is the _______________.
producer
consumer
teacher
2
To trade without using money
service
barter
buy
3
Choose an example of barter
Your mom takes you to the doctor and pays for your checkup.
Your neighbor pays you to was his car.
You trade your chips with your friends cookie at lunch.
You buy a movie online.
4
Define Economics
The amount of money spent to get a certain good orservices
The study of the making, sale, and use of goodsand services
Materials that are produced forpeople to buy
The amount of money that a companymakes
5
How much customers want something
supply
needs
demand
goods
6
Which of the following is a need?
book
house
phone
car
7
The amount of something available to customers
needs
goods
demand
supply
8
Choose all of the examples of a service
Someone buying lemonade at a lemonade stand.
Recieving a video game from your dad.
Mowing your grandma's lawn.
A dentist cleaning your teeth.
9
A person who makes and sells goods and services is….
servicer
barter
producer
consumer