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Economics: Supply and Demand Relationship Quiz
12 Questions
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Economics: Supply and Demand Relationship Quiz

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@ThoughtfulMorganite

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Questions and Answers

The ______ barked

dog

The ______ meowed

cat

We buy various things to satisfy these ______

wants

The producer supplies these ______

<p>goods</p> Signup and view all the answers

Buyers and sellers buy and sell the ______, respectively

<p>goods</p> Signup and view all the answers

Trade involves selling and buying of ______

<p>goods</p> Signup and view all the answers

In ancient and medieval periods, trade was done through the ______ system.

<p>barter</p> Signup and view all the answers

Grains were exchanged in lieu of work done or oil, salt, honey and milk were exchanged for ______.

<p>grains</p> Signup and view all the answers

There was no ______ used in this trade.

<p>currency</p> Signup and view all the answers

Trade is carried out with the help of ______ only in this modern age.

<p>currency</p> Signup and view all the answers

When there is an exchange of services, it is called ______ trade.

<p>invisible</p> Signup and view all the answers

International trade means the exchange of goods and services of one country with ______ countries.

<p>other</p> Signup and view all the answers

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