Economics Basics True or False

True or False: Supply and demand create price

True or False: most countries have a mixed economy

True or False: Goods are physical things you can buy

True or False: Command economies are based on supply and demand

True or False: All economic decisions have an opportunity cost?

True or False: credit let's you buy stuff without paying the money back

True or False: Services are the same thing as goods

True or false: When supply decreases, price decreases

True or False: Traditional economies are based on culture and customs

True or False: People who make products are called consumers

True or false: people who buy goods are called consumers

True or False: Market economies are based on supply and demand

True or False: Economics is the study of how people meet their wants and needs.