Economics

What do banks do with money?

• loan and invest it

• invest it and save it

• loan it and save it

Which is something that banks do for the economy?

• make loans

• produce goods

• provide labor

• collect taxes

Capital goods are used to

• create price incentives

• study economics

• create consumers goods

Consumer goods consist of

• services

• opportunity costs

• goods that are made or grown

• buying goods and services

Where does the government get money to pay for the things that it provides?

• wages

• sell of goods

• taxes

• sell of services

Can supply and demand help change the price of products?

• yes

• no

Mark the answer that only contains basic needs

• water, milk, food, computer

• clothes, shelter, food

• phone, computer, car

Which can be a capital good?

• car

• sugar

• house

• hair cut

Which of these does the government NOT provide?

• national defense

• transportation or road maintenance

• private production of goods

• veteran's benefits

The definition of demand is:

• the amount of product available for sale

• the number of people who want the product