What is Economics?
Economics Final Exam Review
Flashcard
•
Social Studies
•
12th Grade
•
Hard
Quizizz Content
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99 questions
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1.
FLASHCARD QUESTION
Front
Back
The study of how people manage scarce resources
2.
FLASHCARD QUESTION
Front
Who is the maker of goods?
Back
Producer
3.
FLASHCARD QUESTION
Front
Who is the maker of goods?
Back
Producer
4.
FLASHCARD QUESTION
Front
Who is the purchaser of goods?
Back
Consumer
5.
FLASHCARD QUESTION
Front
Which is NOT a factor of production? Land, Labor, Capital
Back
Economic benefit
6.
FLASHCARD QUESTION
Front
What is an interest rate?
Back
The percentage you pay on a loan.
7.
FLASHCARD QUESTION
Front
What is a simple definition of supply?
Back
Price increases - supply increase
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