Economics Quiz

Goods that are used to produce other goods and services

When you make a choice, the item you DON'T choose is called the

Tourism, banking, and teaching are all examples of ___________

At the farm, a tracker used to cut corn stalks would be a

A worker at a factory who packages crayons would be a

A scarcity means that there are ______________ resources

Supply and demand determine.........

A producer makes products for people to buy. What does a consumer do?

Something you can hold is called a

A person who comes up with a product or a new way to produce one is an __________

The act of producing goods based on your skills and talents is _______________

The difference between the selling price and the cost of the product is the _________________

If Ms. Haidaichuk were to go on shark tank, she would sell them ______________