Economics Review Mrs. Slaggie’s GEO. A:B: ServicesProducers 1. What is a name for things people...
-
Upload
braedon-steveson -
Category
Documents
-
view
216 -
download
0
Transcript of Economics Review Mrs. Slaggie’s GEO. A:B: ServicesProducers 1. What is a name for things people...
Economics Review
Mrs. Slaggie’s GEO
A: B:Services Producers
1. What is a name for things people make or grow?
C: D:Consumers Goods
Answer:
D) Goods
A: B:Services Consumers
2. What is the name of people or businesses that do something to help people?
C: D:Producers Goods
Answer:
A) Services
A: B:Government Economics
3. What is the term for the study of making, buying, and selling of goods or services
to meet our wants and needs?
C: D:Demography Geography
Answer:
B) Economics
A: B:Consumer Producer
4. What is the name of someone who grows or makes something to sell to other people or business?
C: D:Goods Services
Answer:
B) Producer
A: B:Goods Producers
5. What is the name of the person or people who buy goods and services?
C: D:Consumers Services
Answer:
C) Consumers
A: B:Supply Demand
6. What is the term for the amount of goods available at one time?
C: D:Producer Consumer
Answer:
A) Supply
A:
B: Demand
7. What is the term for the number of people who want the goods that are in supply?
C: D:Producer Consumer
Supply
Answer:B) Demand
A: B:The price will stay the same.
The price will go up.
8. What happens when the supply of an object is greater than the demand?
C: D:The price will go down.
It means they sold out of that object.
Answer:
C) The price will go down.
A: B:Tax Opportunity Cost
9. What is the name for the shortage of a good or service in the marketplace?
C: D:Economy Scarcity
Answer:
D) Scarcity
A: B:Expenses Budget
10. This is a plan for using your money.
C: D:Income Consumers
Answer:
B) Budget
A: B:Income Budget
11. What is the name for the money you receive?
C: D:Expenses Tax
Answer:
A) Income
A: B:Developed Rich
12. Geographers call nations with few industries, poor education, and low life expectancy
________________ countries.
C: D:Developing Poor
Answer:
C) Developing
A: B:Teacher Baker
C: D:Doctor Police Officer
13. Which person provides goods?
Answer:
B) Baker
A: B:Marketplace Income
14. This is a place where people sell
things and buy things they need.
C: D:Budget Tax
A) Market Place
A: B:GDP per captia Economy
15. The total amount of money of all goodsand services produced in a year per person
Is called a nation’s __________.
C: D:Expenses Income
Answer:
A) GDP per capita
That is incorrect. Please try
again.
Great Job!!!!Great Job!!!!
Thank you for playing!Thank you for playing!