Economics Vocabulary Flashcard

Economics Vocabulary Flashcard

Assessment

Flashcard

Social Studies

6th Grade

Hard

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17 questions

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1.

FLASHCARD QUESTION

Front

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

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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