Week 11 Alabama Studies Weekly

Front

__________ is not having enough of something.

Back

Scarcity

Front

__________ is mutually relying on each other to get things done.

Back

Interdependence

Front

__________ is when you buy, sell, or exchange a good or service for something else you want or need.

Back

Trade

Front

The government's main economic role is to use money and funds to provide __________ to citizens.

Back

services

Front

A _________ occurs when there's a greater supply of something than a demand for it.

Back

surplus

Front

The products a person gives up when having to make a choice is ___________.

Back

opportunity cost

Front

According to the article, merchants would often travel on ___________ to other countries to barter.

Back

ships

Front

When facing a purchasing decision, which of the following is a good thing to do? purchase immediately, don't look at the price, seek advice, research after buying

Back

seek advice

Front

Which word means, someone who makes a good or provides a service?

Back

producer

Front

Which word means, a person who buys goods and services?

Back

consumer