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3 Written questions

3 Multiple choice questions

  1. to rely on others, and others rely on them, to provide the goods and services that we consume, a reliance on others, as they rely on you, to provide goods and services to be consumed
  2. the branch of economics that studies the economy of consumers or households or individual firms
  3. the price at which the amount supplied is equal to the amount demanded

3 True/False questions

  1. medium of exchangeanything that is generally accepted as a standard of value and a measure of wealth in a particular country or region

          

  2. supply and demandgoods that can be used in place of other goods (Colgate/Crest, Toyota/Honda)

          

  3. substitute goodsgoods that can be used in place of other goods (Colgate/Crest, Toyota/Honda)

          

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