Year 8 Economics - The basics

Physical things that you can see and feel are called

Which of the following is not a factor of production?

The economic problem of having unlimited wants but limited resources is called

A country that focuses primarily on producing coffee is an example of:

Actions that other people might perform for us and are not physical items are called

The amount that buyers and sellers agree on is called the

How we rely on others to satisfy our needs and wants is an example of:

Miss Tuite loves chocolate, cake and presents. Her birthday is on

Due to scarcity, society needs to determine what to produce, how to produce it, and

The economic problem of scarcity forces consumers and producers to

If I buy a donut from Krispy Kreme, I am the __________ and Krispy Kreme is the _________

The total value of goods and services produced in a country over a year is called