Economics Vocab Review
Flashcard
•
Social Studies
•
4th Grade
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Not enough of something.
Back
scarcity
2.
FLASHCARD QUESTION
Front
What you give up to get what you want most.
Back
opportunity cost
3.
FLASHCARD QUESTION
Front
Amount of a good/service available.
Back
supply
4.
FLASHCARD QUESTION
Front
People's desire for a good or service.
Back
demand
5.
FLASHCARD QUESTION
Front
Money you make.
Back
Profit
6.
FLASHCARD QUESTION
Front
Two businesses sell the same good or service.
Back
competition
7.
FLASHCARD QUESTION
Front
November at Kroger has leftover Halloween candy. Describe the supply and demand.
Back
The supply of Halloween candy is high and the demand is low.
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