ECONOMICS/MATCHING Worksheet

Expenses that owners must incur when producing goods
Income a business receives from selling a product
Amount of goods and services produced per unit of input
Products are made quickly and inexpensively.
Products require a great deal of time and money
Quantity a consumer is willing and able to purchase at each price
the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide
When price goes up the quantity demanded goes down
When price goes up for one product consumers will buy more of another product
Demand for one good increases as a result of a purchase of another good
Amount of money a company receives for selling its products
Social Security and Medicare