What is the production, distribution, and consumption of goods and services known as?
Economics Vocabulary Flashcard

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•
Social Studies
•
6th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Economics
2.
FLASHCARD QUESTION
Front
What term describes something you buy that you can hold or touch?
Back
Goods
3.
FLASHCARD QUESTION
Front
What do you call something you pay for someone else to do for you?
Back
Services
4.
FLASHCARD QUESTION
Front
What is the term for goods that another country makes and brings into the country?
Back
Import
5.
FLASHCARD QUESTION
Front
What do you call goods that are leaving the country to be sold in another country?
Back
Export
6.
FLASHCARD QUESTION
Front
What is money in the form of paper bills and coins used as a method of payment called?
Back
Currency
7.
FLASHCARD QUESTION
Front
Which of the following is NOT a service? Haircut, Car repair, Buying a book, House cleaning
Back
Buying a book
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