Economics Vocabulary Review Question Preview (ID: 52468)
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to sell goods or services TO people in other countries
a) export
b) wages
c) profit
d) supply
the money paid to workers for the word that they do
a) demand
b) bartering
c) wages
d) scarcity
the amount of money that is left over after all the overhead has been paid
a) producer
b) profit
c) wages
d) import
the amount of goods available to the consumer
a) demand
b) profit
c) consumer
d) supply
how much consumers WANT a good
a) demand
b) bartering
c) capital resources
d) export
a very low supply of a good
a) export
b) import
c) scarcity
d) overhead
to trade goods and services for something other than money
a) demand
b) bartering
c) producer
d) wages
someone who MAKES OR SELLS a good or provides a service
a) consumer
b) import
c) export
d) producer
someone who BUYS a good or service
a) consumer
b) producer
c) profit
d) scarcity
the workers and people who are needed to make a good or provide a service
a) natural resources
b) profit
c) human resources
d) bartering
raw materials that come from the earth
a) natural resources
b) human resources
c) capital resources
d) wages
items such as equipment, machines, and money that help workers make goods or provide services
a) human resources
b) import
c) overhead
d) capital resources
the money needed to run a business
a) overhead
b) wages
c) profit
d) export
to buy goods or services FROM sellers in other countries
a) export
b) profit
c) bartering
d) import
the social science that studies the production, distribution, and consumption of goods and services
a) economics
b) profit
c) capital resources
d) export
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