GED Economics
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Avg score: 66% • Most missed: “How Much People Want”
GED Economics
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25 Questions

1. A Measure Of How Well People Live

2. Any Item That Can Be Traded For Goods Or Services

3. Resources That Cannot Be Brought Back Or Used Again

4. How Much Is Available

5. When There Is Too Much Money And It Becomes Worthless

6. Resources That Can Be Used Again Or Brought Back

7. When A Nation's Total Output Of Good And Services Increase Over Time

8. People With All Of Their Abilities - Efforts - And Skills

9. The Way Goods And Services Are Produced - Bought - And Sold

10. The Principle That Suppliers Will Normally Offer More For Sale At High Prices And Less At Lower Prices

11. The Resources Required To Produce The Things We Would Like To Have - these Are Land - Capital - Labor - And Entrepreneurs.

12. Job Done For Money

13. The Quantity Demanded Of A Good Or Service Varies Inversely With Its Price

14. How Much An Item Costs

15. Economies That Are Poorer And Trying To Become Developed

16. How Much People Want

17. An Economic System In Which People Choose Freely What To Buy And Sell

18. Things You Would Like To Have But Are Not Necessary For Survival

19. The Dollar Value Of All Final Goods And Services And Structures Produced Within A Country's Borders In A 12 Month Period.

20. The Process Of Creating Goods And Services

21. When There Is Not Enough Of Something To Satisfy How Much Everyone Wants Of It.

22. A Risk- Taking Individual In Search Of Profits Who Does Something New With Existing Resources

23. Something Like Air - Food - Or Shelter That Is Necessary For Survival

24. Market-based Economic System With Limited Government Involvement

25. A Situation In Which A Good Or Service Is Unavailable; A Temporary Situation

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