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Economics Vocabulary Quiz! Flashcards | StudBud

Explore/Economics Vocabulary Quiz!

Economics Vocabulary Quiz!

4 terms·StudBud Administration·153 plays

#economics #3rdgrade

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Questions 4

Answers

1
You have only 1 pizza left. Looking at the picture, this might be an example of:
Low supply, high demand
High supply, low demand
Low supply, low demand
High supply, high demand
2
What is a budget?
A plan only on how to save money
How much something is worth
A plan only on how to spend money
A plan for saving and spending money
3
In supply and demand, what does 'supply' mean?
How big something is
How much there is of something (quantity)
What color something is
How much something costs
4
In supply and demand, what does 'demand' mean?
How much someone likes something
Where something is located
How much something is wanted/needed
What the object is