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Introduction to Economics Flashcards | StudBud
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Introduction to Economics
Economics
Fun Fridays or Allowance are examples of...
Introduction to Economics
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#socialstudies #economics #6thgrade
Flashcards
17 cards
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Questions
17
Answers
1
Fun Fridays or Allowance are examples of...
Commodity
Incentives
Things I don't get
Work
2
Economics
Study of biological organisms and their interactions.
How goods & services are produced, distributed, & consumed.
Money Stuff
IDK
3
If Ulysses Klaw is trying to steal Vibranium out of Wakanda to sell. This means that there is a
Black Panther Beat Down Coming
High Demand
High Supply
4
Producers (economics)
Someone who buys things
Plants
Someone who makes or creates goods and services
Help make movies
5
The number of consumers that want something
Commodity
Scarcity
Demand
Supply
6
The positive difference between the amount spent and the amount earned.
Profit
Loss
Income
Supply
7
Which is NOT an example of a good?
Pens
Shoes
Pizza Delivery
Calculator
8
My store sells a board game for $40. My rival sells it for $35. This is an example of...
Incentive
Demand
Competition
Poor Pricing
9
The amount of something available
Commodity
Demand
Scarcity
Supply
10
Resources
The study of production
Someone who buys goods and services
A raw material that is bought & sold or used to make goods
The amount of something available
11
Activity provided by others that is paid for by the consumer
Import
Commodity
Pizza
Service
12
I spend 2 hours watching Black Panther. Now I can't use those 2 hours to finish Far Cry 5.
Competition
Supply
Opportunity Cost
Incentive
13
Scarcity
Where Simba's uncle was mayor
When there is not enough of something
A service that is provided in exchange for money
Limits of being scared
14
If the supply is low and demand is high, prices will...
Go Down
Rise
15
Someone who buys goods and services
Producers
Consumers
Free Riders
16
Import
Goods and services are brought into a country
When new people enter the country
Goods and services are sent out of a country
A type of car
17
Export
Someone who knows a lot about something
Goods and services sent out of the country
Goods and services brought into a country
Port that is no longer
