Economics Unit Test

_________ is a term used to describe a very low supply.

A form of trade in which goods or services are traded for something other than money is called __________.

A ________ is someone who MAKES or sells a product.

A _____________ is someone who BUYS a good or service.

The amount of money that is left after all the overhead has been paid is known as the _____________.

To __________ means when the U.S. BUYS goods or services FROM another country.

To ____________ means when the U.S. SELLS goods or services TO another country.

_____________ is the money needed to run a business.

___________ is a building in which goods are made.

Henry Ford used all of the following materials in his factory EXCEPT _______________.

• natural resources

• robots

• capital resources

• human resources