economics 0.0 / 5 ? EconomicsGCSEAQA Created by: george stowCreated on: 25-04-13 11:51 tax put on imported goods tariff 1 of 19 a limit to how many goods can be imported quota 2 of 19 things we cannot live without needs 3 of 19 things we would like but can live without wants 4 of 19 money used for a time in the future savings 5 of 19 the quantity that consumers want to buy at different price levels demand 6 of 19 the amount that buissneses want to offer for sale at different price levels supply 7 of 19 the reward for saving money or the cost for borrowing it interest 8 of 19 after tax is taken away net 9 of 19 before tax is taken away gross 10 of 19 when one person depends on another interdependance 11 of 19 when a worker has experties in one job or profession specialisation 12 of 19 goods that go out of the country exports 13 of 19 goods that come into the country inports 14 of 19 resources are limited compared to needs and wants scarcity 15 of 19 something given up when we make a choice opportunitycost 16 of 19 the advantages of a particular choice benefits 17 of 19 the expenses and drawbacks of a particular chioce costs 18 of 19 where buyers and sellers exchange goods for money market 19 of 19
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