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Market Economics Matching
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Market Economics Matching
📊 Part 1: Instructions
Match each economic term to its correct definition by drawing a line from the dot (●) next to each term to the dot (●) next to the matching definition.
🔗 Part 2: Market Economics Matching
Terms
1. Market Equilibrium ●
2. Government Intervention ●
3. Consequences ●
4. Supply ●
5. Demand ●
6. Price Ceiling ●
7. Price Floor ●
8. Subsidy ●
9. Tax ●
Definitions
● A. A compulsory financial charge imposed by the government on goods or services.
● B. The desire and ability of consumers to purchase goods or services.
● C. A government-imposed limit on how low a price can be charged.
● D. The point where supply equals demand, and the market is balanced.
● E. Financial assistance provided by the government to encourage production or consumption.
● F. The amount of a product or service available to consumers.
● G. Actions taken by the government to influence or regulate markets.
● H. A government-imposed limit on how high a price can be charged.
● I. The outcomes or effects that result from market activities or policies.
💭 Part 3: Reflection
10. Choose one of the government intervention methods above (price ceiling, price floor, subsidy, or tax) and explain how it might affect consumers in New Zealand:
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