Show:
Basic Vocabulary
Economy Policy
Types of Economies
Supply and Demand
This and That
100
Things that satisfy human wants and needs
What are Goods?
100
Money citizens pay to the government
What are taxes?
100
The government tells you what to make and how to get it to other people
What is a Command Economy?
100
Supply is high and demand is low
What is prices are low?
100
When is our Economics Unit exam?
What is May 30th?
200
A way that goods and services get made and exchanged
What is an Economy?
200
Money paid by the government to help people who lose their jobs
What are Unemployment benefits?
200
People hunt, gather, grow their own food, trade for what they can't make themselves
What is a traditional economy?
200
The amount of a good or service that buyers want to buy
What is demand?
200
The condition of being poor
What is Poverty?
300
Actions that satisfy human wants and needs
What are Services?
300
The lowest amount of money the government says an employer can pay employees
What is Minimum wage?
300
A combination of a command and market economy
What is a Mixed Economy?
300
Supply is low and demand is high
What is high prices?
300
Something you would like to have but won't die without
What is a want?
400
The study of economies
What is Economics?
400
Programs that Republicans in Congress want to cut funding to
What are education, Head Start and Medicare?
400
Supply and demand control what is made and who it goes to, money is used in this economy
What is a market economy?
400
The amount of a good or service that sellers have on hand
What is supply?
400
Something that is necessary to keep you healthy and alive
What is a need?
500
A person who studies economies
What is an Economist?
500
Course of action, plan, procedure
What is a policy?
500
The kind of economy we have in the United States
What is a mixed economy that is mostly market?
500
An agreement where both sides give up something
What is compromise?
500
Agreements between countries about buying and selling goods
What are trade agreements?