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When supply is high and demand is low, the price of an item will be -
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
A local shoe store puts a buy 1 get 1 free sale sign in the window. This is an example of -
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
A tractor is an example of what type of resource?
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
Which of the following contribute to the consumer price of a particular product INCREASING?
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
Mike has $10. He can buy his favorite CD or shirt. He decides to buy the CD. What term best represents the shirt?
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
When the 4 types of resources are combined to make a good or service.
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
What does the interaction between supply and demand decide?
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
Jennifer works at the local pizza parlor. She bakes the pizza crust and slices vegetables. Jennifer is an example of which type of resource?
Production
Capital
Human
Incentive
His opportunity cost
The item is in short supply or in high demand
Price of goods and services
Low
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