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5 Written questions

5 Multiple choice questions

  1. someone who manufactures something
  2. These are the things people cannot live without, such as food, clothing, and shelter.
  3. the study of how people seek to satisfy their needs and wants by making choices
  4. system by which goods and services are produced and distributed to meet people's needs
  5. goods and services that one country sells to another country

5 True/False questions

  1. consumersystem by which goods and services are produced and distributed to meet people's needs

          

  2. economic interdependencewe rely on others, and others rely on us, to provide the goods and services that we consume

          

  3. creditarrangement for deferred payment for goods and services

          

  4. servicesIntangible products such as education, health care, insurance, recreation, and travel and tourism

          

  5. taxesThose things which make our lives more comfortable but are not needed for survival