| __ | 1. | consumer | | A. | someone who uses or buys goods or services |
| __ | 2. | cost | | B. | the study of the manufacture, distribution, sale and use of |
| __ | 3. | demand | | C. | how much in the way of goods and services people want and ar |
| __ | 4. | economics | | D. | jobs that people do for other people in return for pay |
| __ | 5. | goods | | E. | things in nature for which man has found use |
| __ | 6. | natural resouces | | F. | a person who makes goods or provides services |
| __ | 7. | producer | | G. | the amount of money that must be spent to get a certain good |
| __ | 8. | profit | | H. | materials that are produced for people to buy or things that |
| __ | 9. | services | | I. | the amount of money that a company makes after all the costs |
| __ | 10. | supply | | J. | the amount of a product that is available for people to purc |
| __ | 11. | employee | | A. | things that people must have in order to survive, such as fo |
| __ | 12. | employer | | B. | things that people would like to have but can live without, |
| __ | 13. | human resources | | C. | making and providing goods and services for people to buy |
| __ | 14. | needs | | D. | money that is paid to a worker for the amount of time that h |
| __ | 15. | opportunity cost | | E. | the things you give up when making a choice between two thin |
| __ | 16. | production | | F. | when people do the jobs that they are interested in and do b |
| __ | 17. | scarcity | | G. | people with skills who do a job. (doctors, police, lawyers) |
| __ | 18. | specialization | | H. | when there are not enough goods and services to satisfy the |
| __ | 19. | wages | | I. | the person who hires someone else to do work |
| __ | 20. | wants | | J. | a person who is hired by someone else to do a job |