Unit 4 Fast & Curious 2

What is the study of decisions people make to satisfy their needs and wants?

• government
• economics
• communism
• democracy

These are things in economics that people can't live without...

• wants
• goods
• needs
• services

These are things in economics that people desire, but can easily live without...

• wants
• goods
• needs
• services

What do we call a person who takes on the risk of starting a business?

• producer
• consumer
• capital
• entreprenuer

What do we call things bought to help grow or invest in a business?

• producer
• capital
• consumer
• services

What are tangible things that people buy and use?

• goods
• services
• producers
• consumers

What are intangible things that people buy that are often done for the consumer?

• goods
• services
• producers
• consumers

An economy type centered on traditions and customs determine economic decisions?

• Market
• Command
• Mixed
• Traditional

An economy type centered on the government controlling and determining economic decisions?

• Market
• Command
• Mixed
• Traditional

An economy type where people determine what economic decisions are made.

• Market
• Command
• Mixed
• Traditional