Economic Basics CC5

Flashcard
•
Social Studies
•
7th Grade
•
Hard
Wayground Content
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16 questions
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1.
FLASHCARD QUESTION
Front
Supply is the amount of goods and services in a market.
Back
True
2.
FLASHCARD QUESTION
Front
The best way for consumers to invest their money to make it grow is by putting it in a savings account.
Back
False
3.
FLASHCARD QUESTION
Front
Examples of needs are Starbucks, game systems and Jordan shoes.
Back
False
4.
FLASHCARD QUESTION
Front
A consumer is a person who buys goods and services in a market.
Back
True
5.
FLASHCARD QUESTION
Front
Opportunity cost is the value of goods and services in a market available to consumers.
Back
False
6.
FLASHCARD QUESTION
Front
The money that is left after subtracting the cost of doing business.
Back
profit
7.
FLASHCARD QUESTION
Front
Goods and services sold in a country that were made in another country.
Back
imports
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