Quarter 4 - Grudge Ball

What vocab word is best represented by this picture? (2)

The study of how a country manages its resources to produce and distribute products (3)

This could show how advanced a country's health care system is. (3)

Demand regulates the price of an item. If there is a shortage, the price would do what? (3)

A country’s GDP divided by their population (Also a countries 'Standard of Living') (2)

To make products by hand or machinery; to make a finished product (2)

What is an example of a labor resource? (3)

The percentage of people over 15 who can read and write: (2)

Money collected by the government to provide public goods or services (2)

The production of goods is based on supply and demand which is an example of: (3)

Tools needed to produce goods. (2)

The point at which the quantity demanded equals the quantity supplied at a particular price (3)

A person who buys a product or service (2)

The quantity of a good or service that producers are willing and able to offer. (4)

What is the relationship of goods available with the desires of the consumer? (3)

The total market value of all final goods and services produced in an economic year. (2)

The quantity of a good or service that consumers are willing and able to buy (2)

What vocab word is best represented by this picture? (3)

To take risks to combine natural, labor, and capital resources to start businesses (3)

Entrepreneurship, land, labor, and capital resources are all necessary for: (4)

Kroger gets 550 lbs of apples. This week they get 1000 lbs. What is likely to happen? (2)

Focusing on one job or task at a time (2)

Raw material necessary to make a finished product (2)

When people or countries depend on one another (4)

Something of value that can be useful (natural, labor, capital) (3)

A good or service sold or traded to another country (2)

What type of resource is being shown in this picture? (3)

As price goes up the amount of goods/services companies produce increases. Which law? (4)

An exchange of goods or services with people or businesses in your OWN country (2)

A place or service that allows buyers and sellers to exchange goods and services (2)

Study of the overall aspects and workings of a national economy (2)

Losing money on a good or service. (2)

The difference between the amount spent on production and the amount earned (3)

Work done by someone for someone. (2)

Which vocab word is best represented by this picture? (3)