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Second Grade Economics Flashcards | StudBud
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Second Grade Economics
Second Grade Economics
10 terms
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StudBud Administration
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321 plays
Wants, needs, producers, consumers, goods, services supply and demand. spending and saving money
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
We need air to live. This means air is a ________.
Supply
Need
Low
Want
2
What is a person that uses goods and services?
Consumer
Producer
Supply
Services
3
Why is it important to save money?
It is not important to save money.
So that you can have money to spend when you need things.
4
What is something that you can live without?
Goods
Need
Services
Want
5
What is the amount of something available to consumers?
Goods
Want
Services
Supply
6
A popular new toy came out but each store only got a few! The supply is ______ while the demand is ______.
high, low
low, high
7
when the demand is high the ______ is low.
Supply
Low
High
Need
8
It this a good or a service?
Good
Service
9
Is this a good or a service?
Service
Good
10
What is something you can buy and consume?
Consumer
Supply
Goods
Services
