Economics CE11-12 Flashcards

1

If supply is high and demand is low, what will happen to the price of something?

2

Which is not a reason for countries to trade?

3

Where do banks get the money they loan out?

4

What is a result of competition?

5

What is given up when a choice is made

6

Economic flow involves the exchange of

7

What has increased the flow of capital, goods, and information in the global economy?

8

Economic system controlled by both the government and the people

9

Interaction of supply and demand determines

10

Type of economic system in United States

11

Which of the following is not a type of resource?

12

Economic system that does not have competition

13

How do banks make money?

14

The amount of a good available for a specific price

Economics CE11-12