Economics Review

Front

What are goods?

Back

Things people make or use

Front

Things people make or use to satisfy needs and wants are known as -

Back

goods

Front

What is a service?

Back

A plumber fixing your sink.

Front

Identify the term that is being defined: Materials that come directly from nature.

Back

natural resources

Front

Goods made by people and used to produce other goods and services. Identify the term that is being defined.

Back

Capital resources

Front

A person who uses resources to make goods or provide services is a --

Back

producer

Front

Who is a consumer?

Back

a person who shops at the mall

Front

Why do people trade?

Back

to get things they need and want but do not have

Front

The picture shows how these two countries trade with each other. County N specializes in --

Back

gold and salt

Front

To exchange money or products for another item that you want.

Back

trade