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G4 Term 2 Week 4
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Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

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Why were supplies expensive for the 49ers?
supplies were scarce
Why did the 49ers go to California?
To find gold.
What are the things you want, but dont choose to buy called?
opportunity costs
What is opportunity cost?
The things you want but dont buy.
Who has control when goods are scarce?
Sellers have control.
What is scarcity?
A shortage of products.
Who has control with many choices?
Buyers have control.
How do companies compete with each other?
Lower prices or more choices.
What happens if sellers need money quickly?
Price goes lower.
What happens if buyers want more of a scarce item?
Price goes higher.
What is supply and demand?
amount of an item and how popular it is
Who demands goods, buyers or sellers?
buyers
Who supplies goods. buyers or sellers?
sellers
What is an economy?
A system of trade and money.
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