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Economics Flashcards | StudBud
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Economics
Economics
10 terms
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StudBud Administration
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60 plays
A review of the economy and the vocabulary that go along with the unit.
Flashcards
10 cards
F
Practice quiz
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Host live
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Questions
10
Answers
1
When there's LESS demand and MORE supply, the price of the item goes...
Down
Up
2
The coins and dollar bills have the same value everywhere in the United States.
True
False
3
Which of the following is an example of a SERVICE?
Fixing a car
A lawnmower
A video game
Groceries
4
Which of the following is an example of a GOOD?
Doing hair
Tutoring
Elderly care
Clothing
5
When you borrow money from the bank, you agree to pay back the amount PLUS the interest amount.
True
False
6
It costs money to get a loan from a bank.
False
True
7
The act of trading without using money.
Barter
Interest
Currency
Loan
8
When there's MORE demand and LESS supply of an item, the price goes....
Down
Up
9
Prices for goods and services may go up or down.
False
True
10
What is something you might need a loan for?
A pet
Groceries
A car
