Economics Flashcard
Flashcard
•
History
•
9th Grade
•
Practice Problem
•
Easy
Lane Scott
Used 1+ times
FREE Resource
Student preview
38 questions
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1.
FLASHCARD QUESTION
Front
Desires that can be satisfied by consuming a good or service
Back
Wants
2.
FLASHCARD QUESTION
Front
Things necessary for survival (Food, Clothing, Housing)
Back
Needs
3.
FLASHCARD QUESTION
Front
A situation that exists when there are not enough resources to meet human wants
Back
Scarcity
4.
FLASHCARD QUESTION
Front
The study of how people will choose to use their scarce resources in order to satisfy their wants
Back
Economics
5.
FLASHCARD QUESTION
Front
Physical objects that can be purchased
Back
Goods
6.
FLASHCARD QUESTION
Front
Work which one person performs for payment
Back
Services
7.
FLASHCARD QUESTION
Front
A person who buys a good/service for personal use
Back
Consumer
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