6th Grade Marketing - Unit 2 Vocabulary
Quiz by Abigail Loggins
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12 questions
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- Q1Organized way a nation provides for wants and needs for its populationfinancingtaxesgovernmenteconomics30s
- Q2Amount of goods producers are willing to make and sellsupplyquantitymerchandisedemand30s
- Q3Consumer willingness and ability to buy productswantqualitydemandsupply30s
- Q4Economy where there is no government involvement in economic decisionsmarket economycommand economy30s
- Q5Economy where a country’s government makes all the economic decisionsmarket economycommand economy30s
- Q6Business relation in which parties compete to gain customerssabotagecompetitiondiplomacymonopoly30s
- Q7Value in money placed on a good or serviceamountpercentagecostprice30s
- Q8When a company does not have enough supply of goods to meet demandshortagesurplus30s
- Q9When a company has too much supply of goods for the low demandshortagesurplus30s
- Q10Economy in which all property is publicly owned by the government and each person works and is paid by the government according to their abilities and needssocialismcapitalismcommunism30s
- Q11Economic theory in which the means of production, distribution, and exchange should be owned or regulated by the government and private owners togethercapitalismsocialismcommunism30s
- Q12Economic theory in which a country's trade and industry are controlled by private owners for profit, rather than by the governmentcapitalismsocialismcommunism30s