Economics Vocabulary Review

If I buy something at the grocery store, I am a:

Giving to a charity without expecting anything in return is called:

The picture below shows an example of:

What is something someone does for you?

True or false: If supply is higher than demand, the price of a product or service increases.

If Mrs. Rayer purchases this car, what would this be considered?

What are things that you can buy or consume?

Who are people that use goods and services to satisfy their wants and needs?

True or False: The Free Enterprise System gives business the freedom to determine prices.

What vocabulary word that describes the amount of a product that people want and buy?

The picture below is an example of what?

What is the picture below an example of:

The picture below is an example of:

When you have a job, you get paid for the job you do. What is this called?

These people make and provide goods and services.

True or False: Supply is the amount of product that businesses are able to offer for sale.

What economic system does the United States use?

What is it called when a supply or a good doesn't meet the demand? 

The picture below is an example of:

The photo below is an example of a: