Q.1
Not being able to meet all wants at the same time
  • demand
  • supply
  • scarcity
Q.2
Actions that people do for others
  • goods
  • services
  • supply
Q.3
A farmer would fall under which economic activity?
  • Primary
  • Secondary
  • Tertiary
Q.4
New technology that increases the speed of production would have what impact on the prices of goods?
  • Prices would lower
  • Prices would increase
  • Prices would stay the same
  • Business would close
Q.5
What term refers to a good that comes into a country?
  • Trade
  • Migration
  • Export
  • Import
Q.6
A good made in the United States and sent to other countries
  • export
  • consumer
  • savings
  • taxes
Q.7
Goods made to use in the production of other goods
  • capital resouces
  • demand
  • taxes
  • export
Q.8
What do you call someone who makes or provides a good or service for purchase?
  • Producer
  • Consumer
  • Demand
  • Supply
Q.9
What is a good which is produced domestically but sold in a foreign country?
  • Import
  • Export
  • Gross Domestic Product
  • Human Development Index
Q.10
What is the calculation of the value in USD of all the goods and services
  • Import
  • Export
  • Gross Domestic Product
  • Human Development Index
Q.11
An increase in competition would have what effect on price?
  • Price goes up
  • Price stays the same
  • Price goes down
  • It explodes
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