1. What to Buy?
Choices/
Choices
Economics
Potluck
10 pt
10 pt
10 pt
20 pt
20 pt
20 pt
30 pt
30pt
30 pt
40 pt
40 pt
40 pt
50 pt
50 pt
50 pt

2. The need or desire that people have for a product or service is called…

3. Demand

4. Trying to convince consumers to buy a product or service instead of someone else’s…

5. Competition

6. The amount of money needed to buy a product or service…

7. Price

8. The amount of a product or service to be sold…

9. Supply

10. The person who buys products or services…

11. Consumer

12. Information that a producer provides about its product or service (usually to try to convince a consumer to purchase it…

13. Advertisement

14. Not enough of something…

15. Scarcity

16. To negotiate back and forth for a lower price or better trade…

17. Haggle

18. What a person gives up buying or doing when he chooses to buy or do something else…

19. Opportunity Cost

20. When a person has to give up buying or doing one thing in order to buy or do something else…

21. Trade-off

22. Something that is made…

23. Product

24. The study of how people produce, sell, and buy products and services…

25. Economics

26. To trade…

27. Barter

28. You get 40 points!

29. Way to go!

30. Something that is done for someone else…

31. Service