Unit 3 Economics Review

When there is a large supply of a product, the demand usually:

 _________________ is the study of the way a placeuses its money, goods, and services.

To __________ is when you give one item or servicein return for something else.

When a product is in high demand, the price:

If a product is scarce, the price will most likely:

What are paper bills in the United States called?

People who work for a business and get work done are:

When there is a large supply of a product, the price usually:

If a product is scarce, the demand for the product will most likely:

______________is what happens when an item is hard to find.

Which of the following is a service?

How is money divisible?

WhenAaron went to buy the new SuperQuest video game, he couldn’t because:

Materials that are found in nature that are useful or necessary for life are:

_________________is the number of people who want or need something.

Goods that produced and used to make other goods are called:

A ____________ is a feature that helps us identify something.

A ________________ is a person who buys and goodsand services.

____________ is a system of money.

When a product is in high demand, the supply:

Which of the following is a good?

Which of the following are characteristics of money?

______________ is the amount of something that isavailable.

What are services?