Show:
forms of exchange
supply
saving
understading economics
random
100
a direct trade that relies on barganing and often results in complicated transactions
What is barter
100
the quantity of goods and services that producers are willing and able to offer at various possible prices during a given time period
What is supply
100
usually only require a small deposit
What is regular savings account
100
the study of choices made
What is microeconomics
100
scarifice of one good in order to purchase or produce another
What is trade off
200
any item that is readily accepted by people in return for goods and services
What is money
200
the amount of a good or service that a producer is willing to sell at each particular price
What is quantity supplied
200
require the saver to leave money in the account for a specific amount of time
What is time deposits
200
examines the behaviour of the entire economics
What is macroeconomonics
200
any material provided by nature that can be used to produce goods or provide services
What is natural resource
300
a contractual agreement in which a borrower recieves something of value and agrees to repay the lender at some date in the future
What is credit
300
desire to make money helps explain the law of supply
What is profit motive
300
issued by the federal government to pay for federal programs
What is saving bonds
300
the value lost by rejecting one use of resources in favor for another
What is opportunity cost
300
achieving full employment and achieving stable prices
What is stability
400
determined by how a customer has to pay for a product
What is value
400
the amount of money remaining after producers have paid all of their costs
What is profit
400
when you deposit money in a financal institution you may recieve this payment
What is interest
400
any human activity, mental or physical used in the production process
What is human resources
400
the amount of a good or services that consumers are willinh and able to by various prices during a given period
What is demand
500
the process by which producers and consumers agree to provide one type of item in return for another
What is exchange
500
money required to be paid to the government
What is tax
500
saving money in a bank or lending institution provides to types of
What is secuirty
500
an item used in the production of other goods and services
What is captial resource
500
consumers tendency to substitute a lower-priced good for a similar, or higher priced one
What is substitution effect