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Second grade economics review Flashcards | StudBud
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Second grade economics review
Second grade economics review
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Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
Our shirts are mostly
imports
from other countries.
True
False
2
Goods are something someone does for you.
True
False
3
How many people want a good or service is known as "demand".
False
True
4
The amount of a product is called the "supply".
True
False
5
When you buy a toy, you are a consumer.
False
True
6
A plan to save and spend money is called a
service
budget
life cycle
7
When goods are shipped OUT of a country, it is called an:
export
import
8
A dog groomer is an example of a good.
True
False
9
Growing vegetables on a farm is an example of a:
producer
consumer
10
Services are something someone does for you.
False
True
11
Toys are examples of goods.
True
False
12
Businesses use advertisements to get people to buy their goods or services.
False
True
