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Economics

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Fatima Ziemann

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Cards in this guide (8)
What type of goods are commonly used with other goods

Complementary

Complementary goods are commonly used with other goods
Which definitions does not describe economics

"Economics is the study of how people relate to each other" is a statement that does not define economics.

Which of these refers to the amount of goods offered for sale

Supply

How can a trade deficit affect teenagers

jobs for teens may become scarce.

Which event might cause people to buy more of a product

A lowered price. A surplus might cause people to buy more of a product

What occurs when a producer is unable to meet the demand of a certain product

asswhole

What is an example of an economic good

a motel room

In economics what does the term market and refer to

The system of exchanging goods. A+

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