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Economics Flashcards | StudBud
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Economics
Economics
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Vocabulary Review
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
A shortage of a good or service
Demand
Export
Scarcity
Supply
2
Goods leaving our country
Exports
Imports
Taxes
3
The amount of goods or services available.
Supply
Demand
Exports
4
Refusing to trade with a country.
Exports
Sanctions & Embargo
Opportunity Cost
5
The amount of people who want a particular good or service.
Demand
Import
Supply
6
The study of the making, buying, and selling of
goods
or
services
to meet our
wants
and
needs
Scarcity
Economics
Sanctions
7
Goods coming into our country
Economics
Exports
Imports
8
When one country/economy relies on other countries for their goods/products.
Demand
Supply
International Interdependence
9
Money governments collect from people and businesses to pay for public goods and services.
Taxes
Prices
Wages