Economics Review

When supply > demand......

Which of the following is a finished product?

Supply is how much an item is needed.

Exports are goods that are brought into one state or country from another place.

A beautician offers to cut your hair for free if you will mow her yard. This is an example of bartering.

What is a finished product that can be made from oil?

Food, water, air, and shelter are needs.

Sally makes bracelets to sell in her school's fair. People who buy her bracelets are ____________________.

Something that comes directly from nature is ________________________.

Which items are imports to Tennessee?

Which of the following is a want?

Which of the following is NOT a natural resource?

Coal is a natural resource.

Which of the following is an example of an import to the U.S.?

Someone who makes or sells a good or service is a ___________________.

Books, a cell phone, and a guitar are examples of needs.

Not having enough of an item that is needed is called___________.