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Econ Chapter 1 Vocab Foundations Digital

Econ Chapter 1 Vocab Foundations Digital

Assessment

Flashcard

Other

6th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Asset

Back

Anything of value that is owned

2.

FLASHCARD QUESTION

Front

Scarcity

Back

Unlimited wants but limited resources

3.

FLASHCARD QUESTION

Front

Budget

Back

A monthly plan for saving and spending income.

4.

FLASHCARD QUESTION

Front

Simple interest

Back

Interest only on the principal investment

5.

FLASHCARD QUESTION

Front

Compound interest

Back

Interest on an investment and any previously earned interest.

6.

FLASHCARD QUESTION

Front

Personal finance

Back

All the money decisions a family makes.

7.

FLASHCARD QUESTION

Front

Consumer

Back

Person or organization that purchases a product or service

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