Supply and Demand
Vocab Set 1
Type of economy systems
Vocab Set 2
Bonus
100
The amount of goods and services that are available for people to purchase.
What is supply?
100
An economy in which people make economic decisions based on their customs, habits, and traditions.
What is a traditional economy?
100
Economic decisions are made by individuals or the open (free) market.
What is a Market Economy?
100
A scale that shows how much economic freedom that private citizens have in a country.
What is an Economic Continuum?
100
Who has the court explosion in my hero academia.
Bakugou
200
How much people are willing to pay for a good or service.
What is demand?
200
An economic system in which the government makes all economic decisions.
What is a command economy?
200
Russia has a mixed economy.
What type of economy does Russia have?
200
Term which refers to the products of services originating in one's own country; it is the opposite of foreign.
What is Domestic?
200
Who was Naruto's first teacher?
Iruka Sensei
300
If Supply goes up, the price tends to go down.
If supply goes up what happens to the price?
300
Some businesses are owned or controlled by the government and others are owned and controlled by private citizens.
What is a mixed economy?
300
It's easy to start a business in these states.
What's it like to start a business in Germany and the U.K.?
300
European Union member nations who use the Euro as their common currency.
What is Eurozone?
300
Who is the strongest demon in Inuyasha?
Sesshomaru
400
If demand goes up, the price tends to go up.
If a demand goes up for a product what happens to the price.
400
The price of goods and services will go up when the consumer demand is high and the supplies are low. The price of goods and services will go down when the demand is low and the supplies are high.
What are the Laws of Supply & Demand?
400
Also known as FREE ENTERPRISE or CAPITALISM.
What is a Market economy also known as?
400
Estimated total value of all the final goods and services produced in a nation in 1 year.
What is Gross domestic product (GDP)?
400
Who is the best character in the Inuyasha gang?
Definitely SANGO (favorite character).
500
If the price of apples rises, and the demand for apples falls, this mean the price for the apples will go down.
If the price for apples rises and the demand for apples fall what will happen to the price of the apple?
500
Exchange of goods or services for other goods or services without using money.
What is barter?
500
Most European country's have a mixed economy.
What economy do most European country have?
500
Average annual income of a nation's citizens; per capital is Latin for "by each head."
What is GDP per capital?
500
Who are Inuyasha and Sesshomaru's kids?
Inuyasha - Moroha
Sesshomaru - Setsuna and Towa
Don't forget about Sango and Sotas kids.