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Economics

Lou Altenwerth ∙

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∙ 2y ago

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Term1/6

What type of goods are commonly used with other goods

Definition1/6

Complementary

Complementary goods are commonly used with other goods

Term1/6

What term indicates the exchange of goods and services within a single country

Definition1/6

The exchange of goods and services within a single country is called domestic trade.

Term1/6

Which definitions does not describe economics

Definition1/6

"Economics is the study of how people relate to each other" is a statement that does not define economics.

Term1/6

Which of these refers to the amount of goods offered for sale

Definition1/6

Supply

Term1/6

How can a trade deficit affect teenagers

Definition1/6

jobs for teens may become scarce.

Term1/6

Which event might cause people to buy more of a product

Definition1/6

A lowered price. A surplus might cause people to buy more of a product

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Cards in this guide (6)

What type of goods are commonly used with other goods

Complementary

Complementary goods are commonly used with other goods

What term indicates the exchange of goods and services within a single country

The exchange of goods and services within a single country is called domestic trade.

Which definitions does not describe economics

"Economics is the study of how people relate to each other" is a statement that does not define economics.

Which of these refers to the amount of goods offered for sale

Supply

How can a trade deficit affect teenagers

jobs for teens may become scarce.

Which event might cause people to buy more of a product

A lowered price. A surplus might cause people to buy more of a product

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Economics

What type of goods are commonly used with other goods

Which definitions does not describe economics

Which of these refers to the amount of goods offered for sale

How can a trade deficit affect teenagers

Economics

What type of school usually offers apprenticeships

What would be a good product to export to Mexico

Why is it important for a high school graduate to have an education plan for the future very soon after graduation

Which of these is not a reason why people often buy a cheaper product

Economics

What type of economic and political system exists where all resources and production are owned collectively by all

Which of these is the key to the creation of a demand for a product

There is very little business activity and high unemployment during which of these

The growth of technology has had little effect on the amount of goods and services produced in other countries

Economics

Which of these refers to the amount of goods offered for sale

Consumers who are willing and able to purchase a product or service create an economic situation referred to as

Which of these statements is most complete with regard to the role of the producer in an economy

What is the definition of basic economic questions

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In both the socialist and communist systems the government will have a large influence on the economy

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