Economics Review

Economics Review

Assessment

Flashcard

Social Studies

4th - 7th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

A useful material found in the environment

Back

Natural Resource

2.

FLASHCARD QUESTION

Front

A resource that Earth or people can replace is

Back

Renewable Resource

3.

FLASHCARD QUESTION

Front

A resource that can't be replaced in a short period of time

Back

Nonrenewable Resource

4.

FLASHCARD QUESTION

Front

The desire for a certain good or service

Back

Demand

5.

FLASHCARD QUESTION

Front

The amount of a good or service available

Back

Supply

6.

FLASHCARD QUESTION

Front

This occurs when the supply is low and the demand is high

Back

Scarcity

7.

FLASHCARD QUESTION

Front

If the demand is low, the price will be

Back

Low

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