Getting Rich with Economics

Question 1

Services are activities that someone does for someone

Accepted Answer

True

Question 2

Economics is the study of...

Accepted Answer

how people meet their needs and wants through the transfer of wealth

Question 3

When nations DEPEND on each other for trading

Accepted Answer

global interdependence

Question 4

How much consumers want something is...

Accepted Answer

demand

Question 5

Some examples of services are...

Accepted Answer

barbar, mechanic, tutor

Question 6

Examples of goods are...

Accepted Answer

food, water, paper, computers

Question 7

Someone who buys goods or services

Accepted Answer

consumer

Question 8

An example of a public service is

Accepted Answer

mail service

Question 9

What is Bonlee School?

Accepted Answer

a public service

Question 10

The act of making goods or services

Accepted Answer

production

Question 11

Goods are things that can be made or grown.

Accepted Answer

True

Question 12

People who use their time and money to start and manage a business.

Accepted Answer

entrepreneurs

Question 13

Items paid by taxes that anyone can use

Accepted Answer

public services

Question 14

Supply is...

Accepted Answer

the amount available to consumers

Question 15

The act of using goods or services

Accepted Answer

consumption

Question 16

Another word for short supply

Accepted Answer

scarcity

Question 17

Money is...

Accepted Answer

a medium of exchange

Questions 17