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Economics Flashcards | StudBud
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Economics
Economics
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A quiz that assesses the very basics of economics.
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
The list below are wants
except
...
a pet
toys
clothing
T.V.
2
Which of the following is an example of a
service
?
dentist
a water bottle
a car
a notebook
3
Someone who buys good is called a what?
producer
buyer
consumer
purchaser
4
The
amount
of a product (good or service) there is to be sold is called the...
production
supply
demand
amount
5
Which of the following is an example of a
need?
a TV
a desk
shoes
a pencil
6
Which of the following is an example of a
good
?
bicycle
detective
dance teacher
coach
7
Which of the following is an example of a
need
?
a computer
food
video games
a dog
8
Which of the following is an example of a
producer
?
a pencil
a baker
a sandwich
a car
9
Teachers, Taxi Drivers, and Car Mechanics are all examples of what?
goods
services
demand
supply
10
What is something that can be bought, sold, or made?
Debt
Goods
Budget
Allowance
11
What does it mean when a product is really popular?
low demand
low supply
high supply
high demand
12
Which of the following is an example of a
consumer
?
someone who is writing
someone playing hide and seek
someone who is running
someone who is shopping at the grocery store
