Economic Principles
Flashcard
•
Social Studies
•
7th Grade
•
Practice Problem
•
Easy
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20 questions
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1.
FLASHCARD QUESTION
Front
something that someone does for you, like give you a haircut or fix you dinner or even teach you social studies.
Back
service
2.
FLASHCARD QUESTION
Front
something that you can use or consume, like food or CDs or books or a car or clothes.
Back
good
3.
FLASHCARD QUESTION
Front
An ___________________ is a system for allocating resources to meet people's needs and wants. It determines how goods and services are made and exchanged.
Back
economy
4.
FLASHCARD QUESTION
Front
What is being shown in the picture?
Back
goods
5.
FLASHCARD QUESTION
Front
A waitress in a restaurant is an example of?
Back
service
6.
FLASHCARD QUESTION
Front
When there are not enough resources to satisfy our wants/needs
Back
scarcity
7.
FLASHCARD QUESTION
Front
People who buy and use goods/services
Back
consumer
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