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Economics Basics Flashcards | StudBud
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Economics Basics
Economics Basics
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Vocabulary Review
Flashcards
10 cards
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Questions
10
Answers
1
I am called a shopper if I buy goods or services.
True
False
2
When there is a lot of product to purchase, it is called a ___________.
buyer
plenty
supply
resource
3
A plan for using money is called a
Costco
Budget
Walmart
Target
4
Economics is the study of how people spend or use money.
True
False
5
Materials found in nature needed for life.
trees
natural resource
plants
currency
6
What is it called when something is hard to find or get?
supply
scarcity
shopping
currency
7
When you swap or trade one item for another, it is called an exchange.
True
False
8
People working for a business are called ...
schools
human resources
teachers
people
9
When a number of people want or need something, it is a wish.
True
False
10
A person who is selling goods or services is a seller.
True
False
