Home Library Explore SAT

Home Library Explore SAT

Duplicate of Economics Review Flashcards | StudBud

Explore/Duplicate of Economics Review

Duplicate of Economics Review

10 terms·StudBud Administration·47 plays

A social studies Quiz to review goods and services, supply and demand, and needs and wants.

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
T.V. is a
Want
Economy
Service
Need
2
Food is a
Service
Need
Want
Economy
3
A good is
something you throw away.
something that someone does for you.
something you can use, eat, or touch.
something that you need to survive.
4
A jacket is a
Service
good
5
When the supply is low the demand is
high
low
6
A doctor provides a
good
Service
7
When the supply is high the demand is low and the price goes
down
up
8
When the supply is low the demand is high and the price goes
up
down
9
A service is
something you throw away.
something you can use, eat, or touch.
something that you need to survive.
something that someone does for you.
10
When the supply is high the demand is
high
low