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Teams
Name
Score
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15
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A type of government support for the citizen
Welfare
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15
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The point at which qualuty demanded and quantity demanded are equal and both consumer amd and producer are satisfied
Equilibrium
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15
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The usefulness of a good or service in satisfying a need or a want
Utility
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15
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An entity either a person or firm which suppkies goods or services
Producer
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eraser
Reset score!
Oops!
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shark
Other team loses 25 points!
Okay!
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shark
Other team loses 25 points!
Okay!
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banana
Go to last place!
Oops!
15
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The difference between the monetary value of nations exports and emports over a certain period.
Balance of trade
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15
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Economic policy which emphasize consumption
Consumerism
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15
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GDP is made up of two components. What are they?
Goods and services
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15
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Goods that are bought and used together.
Complementary goods
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trap
No points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 20 points!
Okay!
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lifesaver
Give 20 points!
Oops!
15
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The total supply of goods and services in an economy
Agregate supply
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15
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Money available after one pays taxes and obligatory bill payments.
Disposible income
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15
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Under utilization of any factor of production most commonly referred to labour. If
Unemployment
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trap
No points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
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What does GDP stand for?
GROSS Domestic Product
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15
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A business that two or more individuals own and operate together
Partnership
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