📊 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: