Economics - VA SOL Vocabulary

Economics - VA SOL Vocabulary

Assessment

Flashcard

Social Studies

3rd Grade

Hard

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7 questions

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1.

FLASHCARD QUESTION

Front

What is needed to produce goods and services?

Back

Resources

2.

FLASHCARD QUESTION

Front

What is a good?

Back

Something someone makes with resources

3.

FLASHCARD QUESTION

Front

What is a service?

Back

Something someone does for another person

4.

FLASHCARD QUESTION

Front

What is specialization?

Back

When people focus on providing only certain goods and services

5.

FLASHCARD QUESTION

Front

What is interdependence?

Back

When people depend on others for things they can't make themselves

6.

FLASHCARD QUESTION

Front

What is an economic choice?

Back

A decision someone makes due to scarcity

7.

FLASHCARD QUESTION

Front

Which was a natural resource in Ancient Egypt? Options: Papyrus, Mediterranean Sea, Mines, Limited Rich Soil

Back

Papyrus