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Economics Test Ch. 5

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1.
1 point
This is the thing that people give up to do what they MOST want. For example when you don't buy the CD so you can get a jacket.
2.
1 point
Trading for goods and services
3.
1 point
The amount consumers are willing to buy for a certain price
4.
1 point
This is the form of money that people in a country use
5.
1 point
A plan for using money.
6.
1 point
This person makes and sells goods
7.
1 point
Things used for barter can be any size, but money is usually
8.
1 point
Money people make earn for work
9.
1 point
Forms of work people do for other people
10.
1 point
This is the amount (how much) of an item that producers will make for a certain price
11.
1 point
A lack of goods or services.
12.
1 point
This is someone who buys the goods and services sold by a producer
13.
1 point
Consumers and Producers depend on each other. This means they are
14.
1 point
Things people sell or buy
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