2.01 Vocabulary Question Preview (ID: 58661)


Lesson 2.01. TEACHERS: click here for quick copy question ID numbers.

What is an organization that employs people to produce goods or services
a) consumer
b) worker
c) business
d) the Fed

The term for someone whose role is to use goods and/or services
a) producer
b) consumer
c) teacher
d) planner

Which term is a cost or benefit that motivates a decision or action
a) allocation
b) resource
c) distribution
d) incentive

What do you call research into the size, location, and makeup of a product market
a) market research
b) market structure
c) stock market
d) supply chain

What term is referred to as the influence of other people's behavior on someone's decisions
a) demand curve
b) incentive
c) peer pressure
d) media

Term for someone whose role is to provide goods and/or services
a) producer
b) consumer
c) teacher
d) planner

This is a term for a general direction of the market, like a higher demand or supply for a particular product or a service
a) supply curve
b) cost
c) trend
d) distribution

Someone whose role is to make goods or deliver services
a) the Fed
b) consumer
c) worker
d) scarcity

This gives producers the information they need to determine how much people are willing to pay for a good or service?
a) consumers
b) producers
c) teachers
d) planners

Which term refers to the activities related to the production and distribution of goods and services in a particular geographic region
a) the supply curve
b) the economy
c) production curve
d) inflation

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