Four Sectors of Economy

Four Sectors of Economy

Assessment

Flashcard

Social Studies

5th Grade

Hard

Created by

Crystal Owens

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What is the best description of a household in the economy?

Back

a house and all its occupants

2.

FLASHCARD QUESTION

Front

How do households create demand in the economy?

Back

individual preference

3.

FLASHCARD QUESTION

Front

What do households offer to the economy?

Back

Labor

4.

FLASHCARD QUESTION

Front

What do households trade for goods?

Back

money

5.

FLASHCARD QUESTION

Front

Which is the best example of a service?

Back

barber

6.

FLASHCARD QUESTION

Front

What is a house and its occupants called?

Back

household

7.

FLASHCARD QUESTION

Front

What is a person who purchases good for individual and household use?

Back

consumer

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