Economics Basic Unit Test 7B
1. computers
2. earning an allowance for doing chores
3. kitchenware purchased online from China
4. Paying money to an industry to encourage it to make
goods in the country
5. People in certain insustries earn lower wages or sell
fewer products.
6. breaking up large companies to increase competition
7. workers learn to do their jobs more quickly when they
repeat the same tasks
8. an economic boom
9. Industries will increasingly focus on using
interdependence
10. lower price, higher quantity
11. the price of one good or service to another
12. Limited money forces consumers to make choices
13. when supply equals demand
14. The price of ink cartridges drops
15. reward
16. Customers value different types of deals
17. An inventor designs and produces a new type of car
18. It decreases the amount of resources available to
other industries.
19. decrease in positive incentives to work
20. A special holiday sale
21. Mark will be willing to take care of more lawns that
week at the higher price.
22. limited role of the government
23. human resources
24. They provide loans for consumers and investors
25. money that could have been made from families with
young children
26. His football skills will get a little better
27. the magazines, the bathing suits
are on sale.
28. specialization
29. opportunity cost
30. scarcity.