Related Flashcards
Civics Study Guide Final Exam Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
Related Topics
- Course Summary This Civics Study Guide course provides effective lessons and self-assessment quizzes to help you quickly review material and test yourself on important civics topics.
- On May 11, Mothers’ day. The Marion county unit will present each soldier at th# fort with a spray of lilie. 0 f the valley. Th# Fayette county organixaUon has adapted two French orphans, bought Victory bonds, contributed liberally to the Soldiers’ Club of Connersvili.'.1.4 has recently given a reception for re.
Civics Unit 4mr Volkmar's Course Pages
Cards In This Set
Civics Unit 4mr Volkmar's Course Pages Printable
Front | Back |
Quantity demanded and price move in opposite directions. as price goes up, demand goes down. as price goes down, demand goes up. | |
Refers to the desire, willingness, and ability to buy a good or service | |
A table that lists the various quantities of a product or service that someone is willing to buy over a range of possible prices | |
Describes the pleasure, usefulness, or satisfaction a person gets from using a product | |
Competing products consumers can use one in place of the other | |
Refers to the various quantities of a good or service that producers are willing to sell at all possible market prices | |
The term for the principle that suppliers will normally offer more for sale at higher prices and less at lower prices. as price goes up, supply goes up. as price goes down, supply goes down. | |
Unlike a demand curve, a supply curve normally slopes ____________ | |
The degree to which resources are being used efficiently to produce goods and services | |
A product for which quantity changes very little when prices go up or down is said to be supply. | |
When quantity supplied is greater than the quantity demand | |
When the quantity demanded is greater than the quantity supplied | |
A maximum price set for the costs of a good or service | |
A minimum price set for goods and services. this is more common than a price ceiling. minimum wage is an example. |