Economics Review

Economics Review

Let's review some of the important things we have learned about economics so far!

Multiple Choice

Something you can buy or use (objects)

• service

• good

• want

• need

Multiple Choice

Something that somebody does for you (actions)

• want

• need

• good

• service

Multiple Choice

A persons that makes goods or provides a service.

• consumer

• producer

• service

• need

Multiple Choice

A person that buys and uses goods and services

• producer

• service

• consumer

• good

Multiple Choice

Things we would like to have, but do not need for survival.

• need

• good

• want

• service

Multiple Choice

Things we must have to stay alive.

• wants

• goods

• services

• needs

Multiple Choice

The amount of something available for consumers.

• demand

• supply

• producer

• scarce

Multiple Choice

How much consumers want something.

• supply

• demand

• consumer

• available

Multiple Choice

Not enough to meet demand.

• available

• scarce

• supply

• demand

Multiple Choice

Enough to meet demand.

• scarce

• available

• demand

• supply

Multiple Choice

Which of the following is a good?

• mechanic fixing your car

• dentist cleaning your teeth

• a textbook

• a teacher teaching your math

Multiple Choice

Which of the following is a service?

• a cellphone

• a new shirt

• sunglasses

• a mechanic fixing your car

Multiple Choice

Which of the following is a need?

• Xbox

• an Iphone 12

• water

• Air Pod Pros

Multiple Choice

Which of the following is a want?

• food

• water

• air

• a jet ski