Economics 2nd Grade

Economics 2nd Grade

Assessment

Flashcard

Social Studies

1st - 5th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is this? Options: Supply, Money, Trade, Credit Card

Back

Money

2.

FLASHCARD QUESTION

Front

Who buys goods and services?

Back

Consumer

3.

FLASHCARD QUESTION

Front

The price is what you pay for a good/service?

Back

True

4.

FLASHCARD QUESTION

Front

This picture shows what? Options: a scarcity of food, a consumer buying food, people trading for food, a surplus of food

Back

a surplus of food

5.

FLASHCARD QUESTION

Front

Scarcity is when you __________

Back

do not have the goods or services you want

6.

FLASHCARD QUESTION

Front

When an item is in demand it means people do not want to buy it?

Back

False

7.

FLASHCARD QUESTION

Front

What is debt?

Back

Money you owe to another person.

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