Everyone in our economy has three economic roles to perform.

The three roles that everyone must perform are worker, consumer, and saver.

The consumer role, making decisions about what to buy, is performed only by individuals and businesses.

Demand means the quantity of products and services that consumers are willing and able to buy at a particular price.

Supply means the quantity of a product or service that businesses are willing and able to provide at a particular price.

Demand and supply interact to determine what price is charged for a good or service.

Competition helps keep prices at a reasonable level.

Competition affects prices but does not have any other effects.

Success in your role as a worker will affect your standard of living.

When you pay your taxes, you are performing your citizen role.

Which of the following is NOT one of the economic roles performed in our economy?

In performing economic roles, which of the following is NOT true?

What is the effect of dollar votes by consumers?

Which of the following is the best definition of supply?

Which of the following is NOT true about prices?

The factor that helps to keep prices at a reasonable level is

Which of the following is true about your worker role?

Productivity is affected by

Which of the following is true about your citizen role?

Collective decision making means that

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