Intro to economics
Flashcard
•
Social Studies
•
8th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is NOT a natural resource? Oil, Water, Car, Air
Back
Car
2.
FLASHCARD QUESTION
Front
The making, buying and selling of goods and services
Back
economics
3.
FLASHCARD QUESTION
Front
Individuals who come up with a new idea for a good or service, then they make it a reality
Back
entrepreneur
4.
FLASHCARD QUESTION
Front
Something we use from nature
Back
natural resource
5.
FLASHCARD QUESTION
Front
How much people want something
Back
demand
6.
FLASHCARD QUESTION
Front
What does scarcity mean?
Example: Over-fishing can result in a scarcity of a type of fish.
Back
not enough resources
7.
FLASHCARD QUESTION
Front
Economics is the study of economies, or, how people in a society get...
Back
products and services
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