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Economics Flashcards | StudBud
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Economics
Economics
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Economics review!
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
Which is an example of a service?
Getting a haircut
Baking a cake with your friends
Apples
Piano
2
What is a withdrawal?
when you use the money you have saved
when you pay off your credit card
3
What is an example of a natural resource?
Eggs
Water
All of the above
Cucumbers
4
What is a Human Resource?
all of the above
Chef
Teacher
Doctor
5
This is an example of a good
Mechanic
Teacher
Pencil Sharpener
Piano Lessons
6
What are things that people buy?
Needs
Goods
Consumers
Services
7
What is something you can't live without?
playstation
want
popcorn
need
8
Deposit
when you use the money you have saved
when you give your money to a bank
9
If the demand for an item is low...
the price is low.
the price is high.
10
What is a Capital Resource?
Fork
all of the above
Microwave
Blender
11
How does advertising affect the demand for a product?
The demand goes up.
The demand goes down.
It doesn't change it!
12
A producer is
a person who buys a good or service
a person who makes a good or service
an activity we pay someone else to do
13
What are things that people buy?
Producers
Goods
Consumers
Deposit
14
What is an example of a want?
Buzz Lightyear
Books
Candy
all of the above
15
If the supply is low...
the price will go up
the price will go down
